CEMO: Sarraj-Erdogan Agreement Plunders US$11 Billion of Libya’s Money – Al Marsad

The member of the Egyptian Parliament and head of the Paris-based Centre d’Etudes Moyen-Orient (CEMO) (Center for Middle Eastern Studies), Abdel Rahim Ali, called on the international community and the League of Arab States (LAS) to stop Turkey plundering of Libyan wealth through the “diabolic” agreement between Turkish President Recep Tayyip Erdogan and the head of the Government of National Accord (GNA), Fayez Al-Sarraj, which allowed Erdogan to steal US$11 billion from the Libyan people.

(Libya, 2 June 2020) – Abdel Rahim Ali, in a statement published by the Egyptian al-Bawaba News website on Tuesday, said: “After Sarraj unlawfully awarded the Turks oil and gas operations, here he is again transferring Libyan deposits in the tune of US$ 8 billion from European banks to the Central Bank of the Republic of Turkey (CBRT).” Under the controversial agreement between Sarraj and Erdogan, these funds will remain in the CBRT for 4 years, interest- and cost-free, only to save the debilitated Turkish lira.

Ali added that the meeting between the Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, and the Turkish President in Istanbul last Monday was to facilitate Turkey’s receipt of US$3 billion compensation for contracts and projects signed with Ankara during the Gaddafi rule.

“The CBL’s Governor reports to the legislative authority represented by the Libyan House of Representatives (HOR). Therefore, this visit and the subsequent decisions will be illegal unless the HOR takes note and approves them,” indicated the Egyptian MP. He argued that Sarraj was trying to forge alliances with Turkish companies in various fields to empower the Turks to takeover the wealth of the Libyan people even more.

Ali indicated that a high-profile Turkish delegation comprising the Foreign Minister Mevlüt Çavuşoğlu, Finance Minister Berat Albayrak, Turkish Ambassador to Libya Sarhan Aksan, head of the Turkish Intelligence Service (MİT) Hakan Fidan, and several senior officials of the Turkish Presidency and government recently discussed with Sarraj the Turkish companies’ resumption of their operations in Libya in a step that would guarantee the Turks the complete and uncontrolled seizure of the wealth of the Libyan people.

The Egyptian parliamentarian pointed out that these agreements and deals are illegal and constitute a crime whose only objective is to perpetuate al-Sarraj and his illegitimate government.

© Al Marsad English (2020)