Tripoli, 12 February 2013:
The Integrity Commission announced today, Tuesday, that it has disbarred three directors of the Libyan Foreign Investment Company . . .[restrict](formerly the Libyan Arab Foreign Investment Company – LAFICO). The company is a subsidiary of the Libyan Investment Authority (LIA), the country’s sovereign wealth fund.
The three are: Abdulmonem Abushalah and Adel Omar Mohammed Rahouma, both members of LFIC’s board of directors, and M’Hamed Mohammad Lafi, the Assistant Finance Director.
Reports have been circulating in recent days in Tripoli that a number of senior officials in LAIC and in LIA were set to be banned by the Commission.
The Commission has also announced that it has disbarred its ninth official in Ghat, Mahdi Mohamed Moussa, the chairman of the town’s sports council, as well as Milad Abdullah Tahir, Director of Planning and Development at the Ministry of Higher Education, and Ali Mohamed Ibrahim Al-Ghazwi, the Adminstrative and Financial Director of the General Paper Company.
Five more diplomats have also been found to have been compromised by their links with the former regime and disbarred. They are: Amer Saleh Mohammed Al-Masri, Al-Dhuab Omar Salem Drizah, Assad Khalifa Saleh Al-Kikla Al-Zaglut, Ghadban Salem Ghadban Abdussadek and Yousef Miloud Juma Al-Khoild.