Sudanese subsidiary of Libyan sovereign wealth fund recovers $500,000 seized by the US authorities

Sudanese subsidiary of Libyan sovereign wealth fund recovers $500,000 seized by the US authorities

The case dates back to 1992, when a transfer of funds was blocked and was about to be used to compensate US military personnel following the attack on the USS Cole in Yemen. 

Someone shares this article with you
            ▪ Sudanese subsidiary of Libyan sovereign wealth fund recovers $500,000 seized by the US authorities

▪ The case dates back to 1992, when a transfer of funds was blocked and was about to be used to compensate US military personnel following the attack on the USS Cole in Yemen. 

https://www.africabusinessplus.com/en/810696/sudanese-subsidiary-of-libyan-sovereign-wealth-fund-recovers-500000-seized-by-the-us-authorities/

More than ten months after the 16 February 2021 ruling by Judge Kevin Castel of New York’s Southern District Court, the Bank of New York Mellon (BNY) has transferred $500,000 to its original recipient, the Sudanese Libyan Investment and Development Co. Ltd (SLID).

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Advisory

05/04/2023 at 18h48, by Africa Business+

Agri-food industry

22/02/2023 at 14h55, by Africa Business+

Sudanese tycoon Osama Daoud Abdellatif’s DAL Group receives $50m support from UK’s BII

The DAL group, headed by one of the country’s most powerful businessmen, has leveraged its strategic...

Maritime transport

05/01/2023 at 17h45, by Africa Business+

Tripoli promises Tunisian Etraph CEO Mohamed Abid to resume marina works

The national unity government in Tripoli, led by Abdelhamid Dbeibah, assured Mohammed Abid, CEO of the...

Oil & Gas

04/01/2023 at 17h25, by Africa Business+, updated 09/01/2023

Trinity Energy expands in South Sudan and across Africa 

The fuel distributor, founded and led by Akol E Ayii, controls almost half the market in the young republic,...

Oil & Gas

14/03/2022 at 18h11, by Africa Business+

ConocoPhillips pays $900 million tax bill to Libyan authorities

The USA group, together with TotalEnergies, bought the 8.16% stake in the Libyan Waha Oil Company held...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.