Libyan Investment Authority’s Chairman-designate wants to reshuffle Board of Directors, steal $76 billion, journalist unveils

BY Libyan Express Dec 05, 2017 - 21:35 Updated: Dec 06, 2017 - 10:57

The corruption taking place at the Libyan Investment Authority (LIA) with Ali Mohmoud as the Chairman is an absolute catastrophe for Libya, said journalist Nabil Al-Soukni on Saturday.

Al-Sokni added on his Facebook page that Ali Mahmoud is trying to reshuffle the members of the Board of Directors of the Libyan foreign Investment Company despite the fact that he is presiding as the illegitimate chairman of the LIA as per the ruling of the Libyan judiciary.

“The retired Ex-Chairman of Alinmaa for Tourism and Real Estate investment holding Company, Mustafa Al-Khatabi, is one of the people nominated for being picked in the illegal and illegitimate reshuffle.” Al-Sokni explained.

He indicated that all of this unlawful operation is being supported by the two advisers to the Head of the Presidential Council Fayez Al-Serraj; Mazin Bin Ramadan and Ashraf Al-Nakoa.

Al-Sokni urged all Libyans to stand as one in the face of these dubious operations led by Ali Mahmoud in the aim to steal 76 billion dollars.

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