frozen assets

The Libyan Investment Authority and the Special Sanctions Committee for Libya have discussed the current status of the institution and the challenges it is exposed to following the freezing decisions imposed on the Libyan Investment Authority in 2011.

This came in a meeting held by the head of the Libyan Investment Authority, Ali Mahmoud, with the head of the Sanctions Committee, the Ambassador of Japan to the United Nations Mission, Kimihiro ISHIKANE, in the presence of representatives of mission -members’ of the United Nations Sanctions Committee.

During the meeting, a number of issues and requests submitted by the Authority were also discussed regarding the protection of its assets abroad and safeguarding them from being compromised by any other party, and achieving high profitability rates and growth in assets with the aim of maximizing their market value.

The Authority said that the Sanctions Committee has expressed its willingness to study its requests and place them as a matter of interest and priority in the coming period to ensure their preservation.

The Sanctions Committee expressed its satisfaction with the remarkable progress made by the authority in the transformation strategy of review, audit and transparency, according to Investment authority’s media office.