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

Gaddafi-era investments under lens

Posted on 26 September 2011

The new leader of Libya’s sovereign-wealth fund said he has recommended that an independent committee investigate all past investments made during the regime of Muammar Gaddafi for possible corruption.
In an interview, Rafik Nayed, the Libyan Investment Authority’s acting chief executive, said the fund’s investment operations are on hold while a new management team sifts through $65 billion (Dh238 billion) in holdings and tries to unravel previous dealings with people tied to the ousted Libyan leader……………………………………….Full Article: Source

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