€1.6bn in frozen Libyan funds ‘languishing’ in Irish banks

Libya has almost €60 billion-worth of assets frozen worldwide due to UN sanctions

23rd December, 2016
Muammar al-Gaddafi

Irish banks have been accused of badly managing €1.6 billion worth of Libyan Investment Authority funds which have been frozen in Ireland since the Libyan revolution and the toppling of Muammar al-Gaddafi’s regime in 2011.

Libya has almost €60 billion-worth of assets frozen worldwide due to UN sanctions, of which about €1.6 billion is in Irish banks. The value of the total funds is declining by about €2 billion a year due to poor...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Anton Savage: If it doesn’t fit, get out the drillbit

Aidan Regan: Fiscal deficit is not a concern, but we must widen the tax base

Economics Aidan Regan 3 days ago

Editorial: President was right to distance himself from partition event fiasco

Editorial: Caution must be the government’s watchword for this pivotal budget