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The Libyan Investment Authority denies lifting the freeze on Libyan assets abroad.

Pulbished on:

Tripoli, May 9, 2025 (LANA) - The Libyan Investment Authority (LIA) denied the veracity of claims circulating on social media regarding the lifting of the freeze on its assets, stressing that these allegations lack accuracy and are not based on reliable sources or official reports issued by the competent authorities.

In a statement issued on Friday, the LIA clarified that it did not request the lifting of the freeze on its assets, but rather demanded that the assets be fully utilized within the framework of the freezing measures and the relevant resolutions issued by the United Nations Security Council.

The LIA confirmed that all its investment portfolios and sovereign funds are subject to periodic oversight by local bodies, such as the Audit Bureau and the Administrative Control Authority, as well as international bodies, including licensed international auditors. Its accounts are also regularly audited in accordance with internationally recognized standards of governance, disclosure, and transparency.

The LIA categorically denied any contact with parties calling for the lifting of the freeze, stressing that its communication and periodic briefings are only with the Prime Minister of the Government of National Unity in his capacity as Chairman of the LIA's Board of Trustees.

At the end of its statement, the institution called on the media to exercise accuracy in reporting information related to frozen assets, noting that it reserves the legal right to pursue those who promote allegations that undermine confidence in a sovereign institution that manages Libyan state assets around the world.

...(LANA)...