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Libya’s Attorney-General investigates $800M worth of corrupt investments abroad

The Address | Benghazi – Libya

TRIPOLI – Libya is investigating more than $800 million worth of corrupt investments abroad, which caused losses of more than 530 million dollars, said Al-Siddiq Al-Sour, the Head of Investigation Department of the Attorney-General’s Office.

In press remarks on Saturday, Al-Sour said that his department has been investigating multiple corruption cases for over a year now, revealing that the Dutch and Swiss prosecution, as well as the audit firm Deloitte, are investigating corruption cases against the Libyan Investment Authority (LIA), a government-managed sovereign wealth fund who is investing more than $65 billion abroad.

Al-Sour said that the Attorney-General’s Office is cooperating international companies to assist in the corruption investigation.

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