EU Court of Justice lifts sanctions on LAICO
On 28 September, the Libyan African Investment Company (LAICO), the
EY has been entrusted with the vast audit of the Libyan sovereign wealth fund amid an escalating row between the authority's chairman Ali Mahmoud Hassan and prime minister Fayez Sarraj, who would like to see him gone by the end of the month.
Strategy&, PwC's business management consulting firm, is to look into the investments of the African subsidiaries of Ola Energy held by the Libyan Investment Authority. The work is part of a consolidation of the sovereign fund's accounts.
Tripoli prosecutor general Siddiq al Sour did not content himself with arresting Libyan Investment Authority (LIA) chairman Ali Mahmoud Hassan on February 6! According to our sources, he has totally incapacitated the sovereign fund by taking action against all four