Saudi Press

Saudi Arabia and the world
Monday, Apr 15, 2024

Interpol axes red notice for Libyan official in legal storm with Belgian prince

Interpol axes red notice for Libyan official in legal storm with Belgian prince

Interpol has axed a red notice for a senior Libyan official who is embroiled in a $72 million debt row with a Belgian prince, The Times reported on Monday.
The move represents a major loss for Prince Laurent of Belgium, the king’s brother, who was accused by Ali Mahmoud Hassan Mohammed, chairman and CEO of the Libyan Investment Authority, of using his influence to wage a major legal campaign.

The row dates back to 2008, when the Global Sustainable Development Trust, led by the prince, struck a deal with the Qaddafi government in Libya to launch a reforestation campaign.

But in 2011, with the Libyan uprising breaking out, the UN Security Council froze all state assets, impeding the ability of the Libyan side to keep up its side of the deal.

The initial contract of $18 million has since grown to $67 million in claimed losses as a result of costs and interest.

In 2014, a Belgian court ruled in favor of the prince’s trust, ordering Libya’s Agriculture Ministry to pay compensation.

And in late 2021, following a Belgian request, Interpol issued a red notice for Mohammed, the official who was allegedly at the center of the failed deal on the Libyan side.

However, the international crime-fighting organization removed the red notice after it found that its retaining of data on Mohammed failed to comply with regulations. Representatives of the Libyan official labeled the decision a “major victory.”

A separate European arrest warrant for Mohammed issued by Belgium remains in place, however, but is now being challenged by the Libyan side.

Mohammed, in a statement, said Interpol had seen the case “exactly for what it is — a politically motivated campaign against me.”

His lawyer said the red notice was “one part of this campaign to seize (investment authority) funds inappropriately instead of resolving the dispute through the proper legal channels.”
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Reports in Gaza: 5 dead from the impact of aid packages dropped by the USA
Apple warns against drying iPhones with rice
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
The U.S. vetoed a U.N. Security Council resolution calling for a temporary ceasefire in Gaza, instead proposing its own six-week ceasefire plan contingent upon the release of all hostages held by Hamas
Prince William Urges End to Gaza Conflict
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel has gone ‘beyond self-defence’ in Gaza, says Labour’s Streeting
EU Calls for Immediate Ceasefire in Gaza Conflict
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
Saudi Arabia Introduces Terms for 30-Year Income Tax Exemption for Multinational Companies
Saudi FM: Establishing Palestinian state is only pathway for Mideast stability
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Elon Musk's Starlink Gets License For Israel, Parts Of Gaza
Influencers Exploit X Platform for Profit Amidst Israel-Gaza Conflict
PM Modi Announces Opening Of New CBSE Office In Dubai
International Criminal Court's Chief "Deeply Concerned" By Rafah Bombing
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Indian female military officers commend Saudi Arabia's progress and women's empowerment
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Israel Utilizes AI Military Technology in Gaza Conflict
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
China Warns Iran to Halt Houthi Attacks or Damage Trade Ties
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Iran-backed hackers interrupt UAE TV streaming services with deepfake news
Facebook and Instagram Ban Iran's Supreme Leader
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
U.S. Secretary of State Blinken: The Israelis underwent dehumanization on 7.10, this does not give them the right to do this to others.
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
UK Bans Misleading "Zero Emissions" Claims for Electric Cars
Gaza's Teen Inventor Sparks Light in Displacement
Netanyahu Rejects Ceasefire Proposal, Insists On Total Victory Over Hamas
Guterres appoints independent UNRWA review panel
Private Sector Employment Hits Record High with Over 11 Million Employees in January
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
ZATCA Cautions Against Scammer Schemes
INTRA Defense Technologies inaugurates drone factory in Riyadh
×