Belgium Prince sued for illegal cash back move in Libya
A Belgium royal is being accused of fraud by a Libyan financial authority over a reforestation project which he invested in before the 2011 revolution, according to London-based Middle East on Line on July 14th.
Prince Laurent allegedly abused his status as a public office holder with extortion, fraud and illegal influence to claim back multi-millions of dollars he believes to be owed.
The LIA stated the royal has placed “unacceptable pressure” on Libya to get the 70 million euros he once pledged as financial aid for the country.
Due to UN sanctions put in place in 2011, Libya’s sovereign wealth is frozen in a Brussels-based bank account – Euroclear, where the Prince, it is alleged, has found a loophole in his monetary claim.
