Posts Tagged ‘LIA’

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...

Political interference in the LIA is putting vital future investment at risk

  • 20 February 2018 - 20:01
Political interference in the LIA is putting vital future investment at risk

Last week, Abdel Rahman Shalgham, the former Libyan ambassador to the United Nations, expressed concerns that the assets of the Libyan Investment Authority (LIA) are being seized by international actors supported by domestic parties. The former ambassador made his concerns public on his...

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

  • 5 December 2017 - 21:35
Libyan Investment Authority’s Chairman-designate wants to reshuffle Board of Directors, steal $76 billion, journalist unveils

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...

UK Court of Appeal rejects Libyan Sovereign Wealth Fund’s right to appeal Goldman Sachs case

  • 21 October 2017 - 20:21
UK Court of Appeal rejects Libyan Sovereign Wealth Fund’s right to appeal Goldman Sachs case

Britain’s Court of Appeal has refused Libya’s $67 billion (£50.8 billion) sovereign wealth fund the right to appeal against the 2016 judgement handed down by Britain’s High Court in the fund’s $1.2 billion case against Goldman Sachs, Reuters reported on Friday. The Libyan Investment...

CBL, LIA, Presidential Council agree on supporting NOC

  • 8 August 2017 - 14:52
CBL, LIA, Presidential Council agree on supporting NOC

The Presidential Council, the Central Bank of Libya (CBL) and the Libyan Investment Authority (LIA) agreed Monday to provide support for the National Oil Corporation (NOC) to help boost the Libyan oil output. The state organizations also stressed for the need of tackling the economic challenges...