Posts Tagged ‘LIA’

Libyan Investment Authority appoints Mustafa Al-Manea as new member

  • 24 February 2019 - 15:45
Libyan Investment Authority appoints Mustafa Al-Manea as new member

The board of directors of the Libyan Investment Authority (LIA) has appointed Mustafa Al-Manea as a new member. Al-Manea comes from Ghadames. He was born in Benghazi but has been living in Tripoli. He's a law school graduate from Garyounis University in Benghazi. The new appointee has several...

Libyan Investment Authority Chairman arrested on suspicion of corruption and embezzlement of funds

  • 6 February 2019 - 20:09
Libyan Investment Authority Chairman arrested on suspicion of corruption and embezzlement of funds

The Libyan Office of Public Prosecutor in Tripoli has issued an arrest warrant of the Chairman of the Libyan Investment Authority (LIA) Dr Ali Mahmoud Hassan Mohamed. Sources from the office reported Wednesday that Ali Mahmoud was detained and placed at the Special Deterrence Force-run...

Benzeer: Libya’s Attorney General should probe release of frozen assets in Belgium

  • 3 December 2018 - 21:49
Benzeer: Libya’s Attorney General should probe release of frozen assets in Belgium

The Libyan professor of International Law and Human Rights, Dr. Ramadan Benzeer, has recently commented on the issue of the release of Libyan frozen assets in Belgium.   "The Belgian Minister of Finance Johan Van Overtveldt confirms and the Chairman of the Libyan...

Politico: Five European countries released Libya’s frozen assets

  • 17 November 2018 - 12:30
Politico: Five European countries released Libya’s frozen assets

Libya’s sovereign wealth fund said five EU countries paid out money from frozen accounts in Europe that once belonged to Muammar Gaddafi, despite international sanctions. Libyan Investment Authority told Politico via e-mail that the UK, Germany, Italy, Luxembourg and Belgium all released...

Libyan Investment Authority’s current international litigations under threat

  • 12 September 2018 - 13:08
Libyan Investment Authority’s current international litigations under threat

The application filed by the Libyan Investment Authority (LIA) to end three receiverships in the United Kingdom will bring no positive benefits to the fund, claims former LIA Chairman AbdulMagid Breish, speaking to Libyan Express. According to a statement released by the LIA on August 28,...

LIA’s current international litigations under threat

  • 9 September 2018 - 20:19
LIA’s current international litigations under threat

The application filed by the Libyan Investment Authority (LIA) to end three receiverships in the United Kingdom will bring no positive benefits to the fund, claims former LIA Chairman AbdulMagid Breish, speaking to Libyan Express. According to a statement released by the LIA on August 28,...

DLA: Corruption lobby within Libyan Investment Authority is growing stronger

  • 30 July 2018 - 21:55
DLA: Corruption lobby within Libyan Investment Authority is growing stronger

  Digital Libya Agency (DLA) revealed that the current chairman of the Libyan Investment Authority (LIA) Ali Mahmoud has appointed himself a member of the board of directors of the First Energy Bank, which is headed by Mohammed Shoukry Ghanim on behalf of the LIA.   DLA...

DLA: Ali Mahmoud controls Libyan Investment Authority’s decisions

  • 16 July 2018 - 22:52
DLA: Ali Mahmoud controls Libyan Investment Authority’s decisions

  Digital Libya Agency (DLA) revealed on Facebook leaked information saying that the board of directors of the Libyan Investment Authority (LIA) did not review the the necessary work assessment of the board members in its last week meeting, adding that one of the armed brigades...

Libyan Investment Authority files lawsuit in London court against JPMorgan Chase Bank for fraud

  • 9 April 2018 - 17:43
Libyan Investment Authority files lawsuit in London court against JPMorgan Chase Bank for fraud

Libya’s sovereign wealth fund has filed a lawsuit against JPMorgan Chase in a London court, a spokesman for the Libyan Investment Authority (LIA) said on Monday. Details of the lawsuit were not disclosed and a spokeswoman for JPMorgan declined to comment. The LIA has previously brought...

Libya Investment Authority, Belgian Deputy Foreign Minister deny vanishing of €10b of Libya frozen assets

  • 10 March 2018 - 12:03
Libya Investment Authority, Belgian Deputy Foreign Minister deny vanishing of €10b of Libya frozen assets

  Belgian Deputy Foreign Minister Didier Reynders said the report of the disappearance of frozen Libyan funds from the Belgian Euroclear bank are "fake news."   The top diplomatic official was commenting on the report of Le Vif weekly news outlet, claiming that 10...