State Cases Department wins case in the tribunal ruling in Paris against Libyan state.
Pulbished on:
Tripoli, 9 June 2019 (Lana) State Cases Department won a
case against the tribunal ruling in Paris against the Libyan state.
The ruling was against the Libyan state and in favour of a German
Investor of Tunisian origin, Saleem Ben Mukhtar that provided for
compensation of an amount of 120 million US dollars.
The department said on its official website that the tribunal
penal issued its ruling on 24 may 2019 that reversed its previous
ruling and held the investor liable to pay to the Libyan state all
expenses and fees incurred totaling 1.111.144.74 Euros after the
Libyan state cases Department proved that the ruling was issued based
on embezzlement and collusion between the investor and officials of
at the relevant administrative bodies of the state with a view to
mislead the tribunal for personal interests.
It also said it had countered the seizure of Central bank assets
deposited at AGRICIOL bank in France totaling one hundred million US
dollars, by lifting the seizure on 22.11.2018.
The department thanked all those who contributed to this success
and reaffirmed commitment to defend assets of the Libyan people and
public interest using legal means, this is also to uphold justice and
state of law being one of the judicial bodies affiliated to the High
Justice Council, representing the independent judiciary in the
country.
=Lana=