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NATO’s Caper Complete: Billions Stolen from Libya’s ‘Frozen Assets’ in Belgium


The Long Con: Along with France’s Nicolas Sarközy, British PM Tony Blair was tasked with setting up Libya for the country’s eventual take-down in 2011.

In 2011, led by the UK, France and the US, NATO undertook a concerted plan to decapitate and collapse the state of Libya. This plan was not hatched overnight and took years to prepare. The damage and destruction wrought upon the North African state will be felt for generations to come.

Those NATO member states who carried out this criminal act are now finishing off the caper through the theft of Libya’s assets.

This is not by accident, or some random case of embezzlement, rather, the western policy of ‘freezing assets’ of those countries they are targeting for destabilization or regime change is simply a prelude to stealing them.

RT International reports…

Prosecutors are investigating whether Belgian banks paid out interest and dividends on accounts frozen under UN sanctions in 2011 after the ouster of the Libyan leader Muammar Gaddafi.

Up to €5 billion ($5.7 billion) could have been disbursed to people controlling Libyan accounts, including militia groups in the country which stand accused of human rights abuses, according to a report by public broadcaster RTBF which cited an unidentified source.

RTBF said that when the UN agreed to freeze deposits held by Gaddafi’s administration abroad, Belgium had done so but had not halted payments of interest and dividends.

With NATO’s intervention in 2011, the UN introduced sanctions against the Libyan government’s assets, effectively seizing roughly $67 billion from the Libyan Investment Authority (LIA), held across Europe and North America. In the EU, national governments froze only the original amounts, while the interest and dividends earned after 2011 remained a liquid asset.

Belgian Foreign Minister Didier Reynders told reporters on Tuesday he had not been involved in the decision to unblock interest on deposits.

“This [decision to unblock funds] is the responsibility of the Finance Ministry. I have not headed it since December 6, 2011, and have not made any decisions on this matter,” Reynders said, recalling that the permission to partially unfreeze Libyan accounts was issued by the kingdom’s treasury in October 2012, when the Finance Ministry was headed by Steven Vanackere.

READ MORE: From ‘mad dog’ to ‘model’ and back: How West changed its mind on Libya’s Gaddafi

The United Nations is also investigating the alleged embezzlement of billions of euro that disappeared from the Gaddafi accounts, according to Belgian MP Georges Gilkinet.

“UN documents confirm that Belgium failed to comply with a UN resolution on freezing Libyan assets,” Gilkinet told RTBF, adding that he had only received fragmentary information from Belgian authorities. The politician said it is necessary “to clarify the situation, which may lead to a big scandal, because hundreds of millions of euros were sent to unknown individuals in Libya.”

An investigation, by Brussels-based European affairs weekly Politico, discovered in February “big, regular outflows of stock dividends, bond income and interest payments,” from the Gaddafi-linked funds kept in Belgium, suggesting a “loophole in the sanctions regime.”

READ MORE LIBYA NEWS AT: 21st Century Wire Libya Files

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