Less than 24 hours after freezing the bank accounts of a Qatari-backed development company involved in the controversial Zvërnec tourism project, Albania’s Special Anti-Corruption Structure (SPAK) has reportedly reversed the measure and lifted the restrictions, according to sources familiar with the case.

The accounts had been frozen as part of an ongoing investigation into alleged irregularities surrounding land ownership and suspected property transfers in the coastal Zvërnec area, one of Albania’s most sensitive development zones.

Sources told local media that the released accounts belong to a company linked to Qatari billionaire brothers Ramez and Mohammad Al-Khayyat, whose investment interests are associated with the planned development project. The same sources said prosecutors decided to unblock the accounts in order to avoid potential legal disputes that could arise before international arbitration bodies.

Despite the move, SPAK is said to be continuing its investigation into the ownership status of the land and the circumstances under which certain properties may have been transferred.

The case has attracted political attention in recent days. Prime Minister Edi Rama previously warned against actions that could discourage foreign investors, while emphasizing that authorities should continue investigating any disputes related to property ownership.

Earlier this week, SPAK ordered the seizure of bank accounts belonging to Albania Land Development, a company connected to the Zvërnec project, as part of a probe into an alleged scheme involving the transfer of land rights. Investigators from the National Bureau of Investigation (BKH) also carried out searches involving one of the company’s administrators, Redi Struga.

According to investigative sources, authorities are examining whether a mechanism was used to transfer state-owned land into private hands through potentially unlawful procedures.

The investigation has also focused on Artur Shehu, an Albanian citizen currently residing in the United States. Prosecutors reportedly suspect that Shehu may have played a leading role in the alleged property transfer scheme, although no formal charges have been publicly announced.

The Zvërnec development project has become one of the most closely watched investment cases in Albania, highlighting the tensions between efforts to attract foreign capital and concerns over transparency, land ownership, and environmental protection.

SPAK has not publicly commented on the reported decision to unfreeze the accounts, and the investigation remains ongoing.