Chairman of the Board of Directors of the Libyan Investment Authority (LIA), Ali Mahmoud, has reiterated his denial to the allegations that Libyan assets in Belgium have disappeared.

"The LIA is seeking to gain access to manage its frozen funds abroad in order to spare possible losses," Mahmoud stated to Libyan News Agency.

He clarified that meetings were held with officials of the Belgian Ministry of Finance to follow up the Libyan funds, adding that the countries hosting the assets of the LIA respect the Security Council's resolution on freezing Libyan funds.

“None of those countries have violated the UNSC resolution,” he assured.

In a statement issued last March, the LIA denied news of the disappearance of 10 billion euros of Libya's frozen assets in the Euro-zone bank in Belgium.