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Sovereign Wealth Funds Briefing - Categorized | Market, People

Libya sovereign fund denies handover rumours

Posted on 15 September 2016

AbdulMagid Breish, the chairman of LIA Tripoli, and Fawzi Farkash, the newly-appointed Chairman of the Tobruk-based LIA has denied veracity of the reports that a steering committee has taken over responsibility for managing the LIA following a handover process. In a joint statement, they confirmed that these reports are “completely false”:
“Reports in recent days of a handover of power to an interim steering committee are simply untrue. Reports that a steering committee has taken over responsibility for managing the LIA following a handover process are also completely false. The Tripoli LIA and the Tobruk LIA are united in our condemnation of these totally unfounded stories.”……………………………………….Full Article: Source


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