Sunday 11 October 2015

Leadership battle at Libya’s sovereign wealth fund heats up | GulfNews.com

Leadership battle at Libya’s sovereign wealth fund heats up | GulfNews.com:

"The tussle for control of Libya’s $67 billion (Dh245.89 billion) wealth fund, the Libyan Investment Authority (LIA), between two executives both claiming to the legitimate chairman, is escalating in a war of words.

AbdulMagid Breish and Hassan Ahmad Bouhadi have been exchanging words through the media and lawyers this year as they both state their case to be the recognised chairman.

“We have unfortunately a rogue … board claiming to be the rightful board but they don’t control anything,” Breish said in an interview in a Dubai hotel on Saturday."



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