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Belgium probes payments from frozen Libya funds - public TV

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By Reuters

BRUSSELS (Reuters) – Prosecutors are investigating whether Belgian banks paid out interest and dividends on accounts frozen under U.N. sanctions in 2011 as the Libyan state under Muammar Gaddafi collapsed, public broadcaster RTBF said on Monday.

Prosecutors, the government and Belgian banks did not comment on the report, which cited an unidentified source.

RTBF said that up to 5 billion euros (4.4 billion pounds) could have been disbursed to people controlling Libyan accounts, including militia groups in the country accused of human rights abuses.

RTBF said that when the United Nations agreed to freeze deposits held by Gaddafi’s administration abroad, Belgium had done so but had not halted payments of interest and dividends.

(Reporting by Francesco Guarascio; Editing by Alastair Macdonald and Alison Williams)