Haftar’s son moves millions from Central Bank of Libya

Brigadier General Khalifa Haftar’s son transferred large sums of money and silver from the Central Bank of Libya to unknown destinations in 2017, a new report has revealed.

A panel of experts on Libya released the details that the 106 Infantry Battalion of the Libya National Army, led by Haftar’s son Saddam, took control of the bank’s Benghazi branch late last year.

The report, which was issued on 5 September and submitted to the the United Nations Security Council (UNSC), confirmed that the contents of the bank which were confiscated by the battalion is estimated at 639,975,00 Libyan dinars ($465,696,030), in addition to €159,700,000 ($187,154,947), $1.9 million and 5,869 silver coins.

The report pointed out that individuals affiliated with Haftar’s forces confirmed that the Battalion had assisted in securing the transfer of money and silver coins without specifying its final destination.

Read: Libya slams Haftar’s threats to Algeria

The report asserted that the Central Bank of Libya’s Benghazi branch confirmed the sum of funds which had been kept on site, but pointed out that sewage flooded the area and only €150 million was recovered in addition to 224,690,000 Libyan dinars ($263,312,056).

According to the report, the Central Bank in Eastern Libya declared that the silver coins and about 375 million Libyan dinars ($272.9 million) are still deposited in the treasury of the bank’s Benghazi branch.