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.
11/01/2022 at 20h11, by Africa Business+
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).
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