Close Menu
Libya Update NewsLibya Update News
  • Home
  • National
  • Region & World
    • The Maghreb
    • Middle East
  • Business
    • Oil & Gas
    • Economy
    • Analysis
  • Opinion
  • Editors’ Picks
  • Health & Lifestyle
  • Sports
Facebook X (Twitter) RSS
Trending
  • Rubio blasts judge who tried to block deportation of murderers from US to Libya
  • Egypt flies home 71 nationals from Tripoli after clashes
  • UN shares Advisory Committee’s recommendations, prepares for public consultation in Libya
  • At least 3 die, including 2 children, during Mediterranean crossing from Libya to Italy
  • Libyan advisory committee concludes its delibrations on contentious issues in electoral legal framework
  • Libyan Audit Bureau leaders meet in Tunis with World Bank, UN officials
  • SRSG TETTEH ADVOCATES FOR INTERNATIONAL SUPPORT FOR LIBYA’S POLITICAL PROCESS IN NEW YORK
  • Sirte Free Zone Explores Cooperation with Turkish Arkas Group to Develop Sirte Port
  • About Us
  • Contact Us
Facebook X (Twitter) RSS
Libya Update NewsLibya Update News
Subscribe
Friday, 13 June 2025
  • Home
  • National
  • Region & World
    • The Maghreb
    • Middle East
  • Business
    • Oil & Gas
    • Economy
    • Analysis
  • Opinion
  • Editors’ Picks
  • Health & Lifestyle
  • Sports
Libya Update NewsLibya Update News
Home » Attorney-General charges former LAFICO executives with fund negligence

Attorney-General charges former LAFICO executives with fund negligence

Tuesday, October 31, 2023 Economy 1 Min Read

Libyan Attorney-General Al-Siddiq Al-Sour has ordered the arrest of three former senior managers at Libyan Arab Foreign Investment Company (LAFICO) on charges of negligence in the management of a $90 million fund.

Al-Sour’s office revealed the news in a statement via Facebook. It did not disclose the identity of the suspects, but said that one is a former executive manager, while the other two are former manager at the company’s general shareholding department.

The state prosecutor said that it is also investigating seven other LAFICO in connection to the same case.

The Libyan Investment Authority (LIA), the country’s sovereign wealth fund, counts the assets of LAFICO in its portfolio. According to LIA’s portfolio valuation overview for 2019, LAFICO manages business and real-estate assets valued at $4,466 million.

LAFICO is run by Moussa Alhassan Atiq, who has been serving as the company’s  general manager since 13th June 2021.

LAFICO Libya Libyan Arab Foreign Investment Company
Follow on Google News
Share. Facebook Twitter Pinterest LinkedIn Email Reddit Telegram WhatsApp Copy Link
Previous ArticleLeaders of Libya’s NOC and Algeria’s Sonatrach to meet on November 7
Next Article US reaffirms supports for UN Mission in Libya as Security Council renews its mandate

Keep Reading

Rubio blasts judge who tried to block deportation of murderers from US to Libya

Egypt flies home 71 nationals from Tripoli after clashes

UN shares Advisory Committee’s recommendations, prepares for public consultation in Libya

At least 3 die, including 2 children, during Mediterranean crossing from Libya to Italy

Libyan advisory committee concludes its delibrations on contentious issues in electoral legal framework

Libyan Audit Bureau leaders meet in Tunis with World Bank, UN officials

Follow us on Twitter

The Libya Update Follow

Stay ahead of the curve with The #Libya Update - your go-to source for news and insights on Libyan politics, business, culture, and more. #LibyaNews

TheLibyaUpdate
thelibyaupdate The Libya Update @thelibyaupdate ·
11 Jun

Lt. Gen. #Saddam Khalifa, Chief of Staff of the Ground Forces in the Libyan National Army... #LNA, visited Rome at the invitation of the Italian government. He met with Interior Minister Matteo Piantedosi to discuss joint security and combating illegal migration.

The #Libya Update
4

Reply on Twitter 1932893593385005443 Retweet on Twitter 1932893593385005443 2 Like on Twitter 1932893593385005443 6 Twitter 1932893593385005443
thelibyaupdate The Libya Update @thelibyaupdate ·
3 Jun

Libya’s Ground Forces Chief, Maj. Gen. #Saddam Khalifa, joined army chiefs from 15 ...#Mediterranean countries at a France-hosted seminar on shared military and security issues, at the invitation of #French Army Chief Pierre Schill.

The #Libya Update
4

Reply on Twitter 1930043960640049611 Retweet on Twitter 1930043960640049611 4 Like on Twitter 1930043960640049611 4 Twitter 1930043960640049611
thelibyaupdate The Libya Update @thelibyaupdate ·
26 May

4

Reply on Twitter 1927122066957885859 Retweet on Twitter 1927122066957885859 Like on Twitter 1927122066957885859 1 Twitter 1927122066957885859
libya update
Facebook X (Twitter) RSS

News

  • National News
  • The Maghreb News
  • Middle East News
  • Business News
  • Sports News

Company

  • Information
  • Ethics Policy
  • Corrections Policy
  • Fact-Checking Policy
  • GDPR Policy

Categories

  • Editors’ Picks
  • Opinion
  • Health & Lifestyle
  • Videos
  • Infographics

Subscribe to Updates

    © 2025 All copyrights reserved. The Libya Update.
    • About Us
    • Privacy Policy
    • Advertising

    Type above and press Enter to search. Press Esc to cancel.