Libya is pursuing the recovery of over $60 billion in assets allegedly invested secretly in US Treasury bonds during the Gaddafi era, African Energy reported Monday.
Mohammed Mansli, Director General of the Libyan Asset Recovery and Management Office (LARMO), is scheduled to meet US officials this December regarding the claim. The assets were reportedly unknown until recently, according to sources familiar with the matter.
The investments, made through complex networks during the 1990s, occurred despite international sanctions against Libya. The bonds were purchased through various channels until 2011, with LARMO investigations indicating the funds were not returned to Libya after Gaddafi’s fall.
Most assets are held by financial institutions in the US Midwest, including matured bonds and coupon payments. LARMO expressed concern about potential…
