Source: Al-Sirraj selects “Bader Ben-Othman” to chair LIA in place of “Ali Mahmoud”

Sources close to the Government of National Accord (GNA) have disclosed that the Presidential Council is preparing a new shakeup for the Libyan Investment Authority (LIA) after corruption accusations of some of LIA employees as per the latest Audit Bureau report.

The sources told Libyan News that the current CEO of the LIA, Ali Mahmoud could be sacked and replaced by “Bader Ben-Othman” whom the sources described as well-versed in the field of investments.

Ben-Othman is the current CEO of the Libyan Local Fund for Investment and Development.

LIA was established in 2006 to invest in the Libyan reserves of the oil revenue in the international market after years of sanctions on Libya.

LIA’s assets are split into Libya Africa Investment Portfolio, Libyan Arab Foreign Investment Company and others.

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