Libya's sovereign wealth fund chairman detained -official
(Adds LIA statement)
TRIPOLI, Feb 6 (Reuters) - The chairman of Libya's LIA
sovereign wealth fund, Ali Mahmoud Hassan Mohamed, was detained
on Wednesday for an investigation into alleged "corruption and
exploitation of (his) position," an official in the attorney
general's office said.
The LIA said in a statement it was confident he would be
Mohamed was appointed by the U.N.-backed government in
Tripoli. A rival government operates in eastern Libya.
The official in the attorney general's office said Mohamed
was being interrogated, declining further comment. Mohamed could
not be reached for comment.
The LIA holds about $66 billion-worth of mostly frozen
assets under United Nations sanctions imposed in 2011 when
veteran ruler Muammar Gaddafi was toppled in a NATO-backed
(Reporting by Ahmed Elumami
Editing by Ulf Laessing, James Dalgleish and Peter Graff)
First Published: 2019-02-07 00:38:07
Updated 2019-02-07 10:31:49
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