Libya rebels probe corruption at sovereign fund - FT.com

Libya’s rebels are examining possible corruption at the country’s $65bn sovereign wealth fund and its links to the family of Colonel Muammer Gaddafi, according the man in charge of the investigation.

Mahmoud Badi, a former technocrat with the Gaddafi regime, has been appointed by the rebel’s National Transitional Council to track down Libya’s foreign assets, including those held by the Libyan Investment Authority.

“We are collecting all the information and data needed to evaluate the state of these assets, and will look at all the misdoings and corruption and those responsible for it,” Mr Badi told the Financial Times in an interview in the LIA’s London office.

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