Chairman of Libyan Investment Institution says success of institution can only be realized by presence of people in responsibility positions.

Chairman of Libyan Investment Institution says success of institution can only be realized by presence of people in responsibility positions.Wednsday , 24-08-2016 – 15:28:00

Tripoli, 24.08.2016(Lana) Chairman of Libyan Investment Institution, Abdulmajeed Brish said success and progress of institution cannot be sustained only in the presence of people in responsibility positions who are capable of understanding and absorbing the difficulties and complexities of managing and running of a sovereign fund with 67 billion dollars. he said this requires follow up of a host of legal cases that are very complicated and the concern that the frozen money of the institution would not fall in the hands of those who wanted to exploit such money to finance civil war in Libya. in a statement he said most assets of the institution totaling 67 billion dollars are frozen by virtue of UN Security Council Resolution No 1970/2011 in order to protect it from embezzlement and corruption. =Lana=.