Tobruk Appoints fmr Gaddafi Banker to LIA

Reuters reports that the internationally recognised Libyan government in Tobruk has appointed a former Central Bank governor under the Gaddafi regime as a trustee of the Libyan Investment Authority (LIA), the country’s sovereign wealth fund.

Farhat Bengdara subsequently defected to the anti-Gaddafi side during the civil war.

Control of the fund is disputed between the LIA’s headquarters in Tripoli, and the Tobruk government.

Much of the LIA’s estimated $67 billion in assets remain frozen by UN sanctions.

(Source: Reuters)

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