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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

The Crime of the century: The theft of the Libyan sovereign funds

Posted on 02 June 2011

Sovereign funds managed by the Libyan Investment Authority (LIA) are estimated at 70 billion U.S. dollars, soaring to more than 150 when including foreign investment of the Central Bank and other bodies. And they could be even more important. Although lower than that of Saudi Arabia or Kuwait, Libyan sovereign funds are characterized by their rapid growth.
When the LIA was founded in 2006, it had 40 billion dollars. In just five years, it had invested in more than one hundred companies: North African, Asian, European, American and South American, holding companies, banks, real estate, industry, oil companies and others……………………………………….Full Article: Source


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