Breish: the so-called LIA Interim Steering Committee creates ‘uncertainty and confusion’

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AbdulMagid Breish, Chairman of the Libyan Investment Authority

AbdulMagid Breish, Chairman of the Libyan Investment Authority (LIA) in Tripoli, said:

“It is deeply disappointing to hear reports of Ali Mahmoud Hassan Mohammed’s illegitimate attempts to speak on behalf of the LIA in Italy. These are further examples of the so-called steering committee creating uncertainty and confusion, and putting Libya’s progress at risk.

“In claiming to speak on behalf of the LIA, Mr Mohamed is pre-judging the outcome of the Administrative Court in Tripoli, which will rule on the legitimacy of the appointment of his steering committee at the end of October 2016.

“The LIA in Tripoli and the LIA in Tobruk are united in saying that the appointment of the so-called steering committee is illegal. This committee does not comply with the founding documents of the LIA and is against the best interests of all Libyans.

“While Mr Mohamed engages in expensive travel and publicity stunts in Italy and Tunisia he is also obstructing the settlement of our legal expenses thus putting at risk our litigation efforts. Through these actions, Mr Mohamed is insulting the efforts of those who worked tirelessly to regain the funds that were taken from the Libyan people.

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