Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir Free
Fayez Sarraj hopes to use the lack of any political agreement on Libya's future to keep his job. He is seeking to shore up his position by bringing national financial institutions under his sway, with the help of National Oil Corp boss Mustafa Sanalla. [...]
Al Kharafi affair: Paris opposes unfreezing of Libyan Investment Authority fund's French assets Free
The Directorate General of the French Treasury has refused to release the assets of the Libyan sovereign wealth fund claimed by the Kuwaiti group in its €1bn dispute with Libya. These assets include the Fnac building in Paris' Ternes district, and sums held with Société Générale. [...]
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 [. [...]