22.07.2015 - Rival Chairmen Hit Deadlock Over Libya's $67bn Wealth Fund
In a country riven by civil war and rival governments, the Libyan Investment Authority (LIA) is itself torn by competing factions. Mr Breish has an office in Tripoli where he says he is chairman of LIA, while another man, Hassan Bouhadi, runs another LIA head office from Malta, also claiming to be chairman. That Maltese office was set up when Mr Bouhadi fled violence in the capital - something Mr Breish denies is a problem any more. It is a bitter personal dispute in the midst of a far, far wider conflict across the country. But the stakes are high, as LIA has assets totalling an estimated $67bn, funds which come from Libya's oil wealth and are intended to be invested to aid the future prosperity of a deeply distressed nation..............................................Full Article: Source
Print