According to Le Vif magazine, these funds were controlled by the inner circle of ousted and killed Libyan President Muammar Gaddafi.
Over 16 billion euros were located in four accounts opened for the Libyan Investment Authority and Libyan Foreign Investment Company.
The Belgian authorities found the disappearance of a significant part of these funds in the fall of 2017, when an investigation into money laundering sought to seize the 16 billion euros. It turned out that on the four accounts just over 5 billion euros remained.
At the same time, according to the Ministry of Finance, Belgium did not take any decision to unfreeze these assets. The question is, therefore, did Belgium control the assets in a correct way, suggests Le Vif.
Since 2011, Libya has been in a state of civil war. The UN-backed Government of National Accord, headquartered in Tripoli, operates in the western part of the country. The eastern part of the country is governed by its parliament, with its headquarters in the city of Tobruk, which is supported by the Libyan National Army. Thousands of people flee from Libya every year trying to escape war and poverty.