Tag Archives | Al-Kharafi

CBL unfreezes $100m at French Bank

By John Lee. The Central Bank of Libya (CBL) has announced that a French court has ruled in its favour in a case which would see the release of a $100-million loan owed to the bank. The assets were held by Credit Agricole, and were frozen at the request of Al-Kharafi Group, which is owned […]

French Court 'Unfreezes' Gaddafi’s Plane

A French court has lifted a freeze order on Muammar Gaddafi’s personal plane, following a bitter battle between a Kuwaiti conglomerate and the Libyan government. Kuwait’s Al-Kharafi group had the luxuriously-appointed Airbus A340 seized at Perpignan airport amid a near billion-euro claim related to a contract to build a beach resort in Libya. A lawyer for […]

French Court Case over Gaddafi's Jet

A luxury jet used by former Libyan dictator Muammar Gaddafi's has become the subject of a court battle between a creditor and a Libyan Kuwaiti government agency. According to a report from MidiLibre/Scoop, the Airbus A340, now stationed in Perpignan, France, was repaired by a subcontractor of Air France, the company EAS Services in Perpignan, […]