Libya Africa Investment Portfolio denies rumors of $26 million disappearing from its fund

Alwasat - Cairo Wed 06 Oct 2021, 11:12 AM
alwasat radio

The management of the Libya Africa Investment Portfolio (LAIP) denied the authenticity of the news circulating about the disappearance of a sum of money from the portfolio, amounting to $26 million.

In a statement carried by the Libyan news agency, LAIP called on all “visual, written and audio media to investigate accuracy before publishing the news, and verify the authenticity of news before publishing it.”

It pointed out that "the circulation of such news seriously damages the portfolio's relationship with its partners at home and abroad, and will also affect the proper functioning of the business."

LAIP confirmed, in its statement, that it "will take all legal measures against those that published this false news."

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