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

New Libyan sovereign wealth fund chief seeks probes

Posted on 26 September 2011

One of the first orders of business in post-Moammar Gadhafi Libya is to clean out the rotten wood.
Tops on that list is investigating corruption at the Libyan Investment Authority, the country’s sovereign wealth fund. Rafik Nayed, the fund’s acting chief executive, said in an interview with the Wall Street Journal that its investment operations are on hold while it looks through $65 billion in holdings to examine dealings with people tied to Gadhafi……………………………………….Full Article: Source

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