Yesterday, on Saturday, the Libyan African Investment Company (LICO) published a clarification regarding the announcement of the confiscation of assets of the Libyan state in Central Africa and their sale at public auction. The statement accused an employee seconded to the Central African company Leico of abstaining from transferring managerial responsibilities to the company at the end of his posting period, seizing control of the company, engaging in illegal activities and making decisions contrary to the laws and regulations governing the work. , taking advantage of the climate of political and administrative division that affected Libyan state institutions between 2016 and 2018. Al-Qariou added that the announcement of the confiscation of Libyan assets was the result of a convergence of interests between the former seconded director and some influential people in Central Africa, in particular in the Ministry of Justice, accusing local authorities of complicity with him. continuing to recognize and protect him, despite the measures taken by the Libyan State.

Source: Libya Today January 29, 2023 08:40 UTC