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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

$2.9 bln gone from Libyan sovereign wealth fund

Posted on 29 August 2011

Trusted Libyan officials have been given the task of tracking down Libya’s foreign investments. The BBC has reported that some $2.9 billion has gone missing from the accounts of the Libyan sovereign wealth fund.
Officials from the Libyan Investment Authority have discovered misappropriation and misuse of part of the total funds, which are worth about $70 billion……………………………………….Full Article: Source

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