From Economist.com: Tracking down Libya’s mysterious sovereign-wealth fund. One hope is that the LIA is sufficiently professional that the money doesn’t go walkies. The two former advisory-board members both say that the plan was to create a transparent organisation.
“It was run in a perfectly sensible way and there was no Qaddafi on board,” says one, also noting that auditors and investment advisers had been hired. The other adds that “only a small part of the funds was driven by the will of the Qaddafis.”………………………………………Full Article: Source