The Ministry of Investment of the Libyan government, affiliated to the House of Representatives, issued a circular stating that the Board of Directors of the Libyan Investment Corporation had exempted the Board of Directors of the long-term investment portfolio for violation of the law.

The ministry revealed that this was for the purpose of seizing the portfolio’s funds to finance the Libyan Investment and Development Company (LIDCO), the Tripoli Gate “2” project, and attempting to transfer amounts of  350 million US dollars.