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. [...]
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 [. [...]
Faysel Gergab under growing pressure at LIA and LPTIC
These are tough times for Faysel Gergab, who has been targeted by a financial investigation in Malta and sidelined by his own camp. Gergab, who is the Tobruk-government appointed head of public telecommunications company LPTIC and an influential figure at [. [...]