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Libya: Govt. sets up commission on looted funds

The Libyan government has established a commission to monitor and help recover the public funds looted and stashed abroad, according to a statement on the government’s official website.

The statement said the decision to set up the commission was taken during a meeting of the Council of Ministers held Wednesday in Tripoli, the capital city, to examine security issues in certain regions hit by violence.

Since the fall of the regime of Mouammar Kahadafi in 2011, the Libyan authorities have started recovering part of the estimated US$200 billion in public funds stolen and stashed abroad by the ousted leader.

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