Asset Recovery Watch

ARW-140
Muammar el-Qaddafi (and related entities and individuals) - World Health Organization Recovery case
Libya
President (1969-2011)
Netherlands
Undertaking Recovery Effort, Location of Recovery Effort, Asset Location / Alleged Asset Location
2011
2011
Art.20
No
United Nations Security Council sanctions
Unknown
Unspecified
Approval of the UN Sanctions Committee to unfreeze funds and provide to the World Health Organization (Source: The Netherlands, Ministry of Foreign Affairs, "Netherlands unfreezes Libyan assets for medical supplies," August 15, 2011.)
Completed
Other
$143,451,000 in Libyan assets returned; unspecified as to whether any of the assets belonged to Mr. Qaddafi or his family or associates
Yes
The UN Sanctions Committee approved the transfer of funds to the United Nations World Health Organization, for medical supplies to people in Benghazi and other areas of fighting

According to a news release by The Netherlands' Ministry of Foreign Affairs, "The Netherlands is freeing up €100 million of the Libyan regime’s assets that are frozen in the Netherlands at the urgent request of the World Health Organization. The WHO will use the funds to distribute medical supplies, of which there is currently an acute shortage in Libya, among the Libyan population. The Netherlands can release the money to the WHO because the UN sanctions committee has given its approval. The medical supplies will go to people in Benghazi and other rebel-held areas, areas where there is fighting, and areas still controlled by the Gaddafi regime. The Netherlands is the first country to provide this kind of financial assistance to Libya’s stricken healthcare sector. Minister of Foreign Affairs Uri Rosenthal has described the unfreezing of the assets as a good example of how sanctions should work. ‘I always say that sanctions should cut off the regime without hurting the population. That is exactly what is happening now, with Gaddafi’s frozen funds being used to save Libyan lives,’ he said." (Source: The Netherlands, Ministry of Foreign Affairs, "Netherlands unfreezes Libyan assets for medical supplies," August 15, 2011.)

Mr. Qaddafi passed away on October 20, 2011 (Source: New York Times, "Muammar el Qaddafi"); as of October 31, 2011 cases in investigatory stage as to other individuals and entities.