Libyan Investment Authority: UN picks EY for hazardous audit job
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. [...]
Oil distribution: Mazin Ramadan contracts Strategy& to investigate Ola Energy offshoots
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. [...]
LIA board swept away by Palladyne affair!
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 [. [...]
Tripoli cut out of LIA legal action against JPMorgan
Just as the Fayez Sarraj-led government in Tripoli is making a major effort to regain control of efforts to defend Libya's foreign financial interests (MC 1277), legal action was started against JPMorgan in London on April 6 without the approval [. [...]