Libyan Investment Authority denies "unfreezing assets" abroad
The Libyan Investment Authority (LIA) has denied claims circulating on social media about the unfreezing of its assets, stressing that such allegations are inaccurate and not based on reliable sources or official reports issued by relevant authorities.
In a statement released Friday, LIA clarified that it has not called for the unfreezing of its assets but rather for the full utilization of its assets within the framework of the freeze measures and UN Security Council resolutions on the matter.
LIA reaffirmed that all its investment portfolios and sovereign funds are subject to regular oversight by local bodies such as the Audit Bureau and the Administrative Control Authority, as well as international licensed auditors. Its accounts are also regularly reviewed in accordance with globally recognized standards of governance, disclosure, and transparency.
LIA strongly denied any communication with parties advocating for the lifting of the freeze, stressing that its periodic briefings and communications are solely with the Prime Minister of the Government of National Unity in his capacity as Chairman of the LIA's Board of Trustees.
It concluded its statement by urging media outlets to verify information regarding the frozen assets, noting that it reserves the legal right to pursue those who promote claims that undermine trust in a sovereign institution responsible for managing Libya's assets around the world. Tags: Libyan Investment Authority Libyan frozen assets
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