Speaking in a televised interview with WTV channel and Tabadul Platform, the Libyan economist Al-Badri Shriha stressed that the Libyan Investment Authority (LIA), which was founded in 2006, did not infuse any funds in the public treasury except one time during 2008.
” The group that enter the investments are those who take advantage of the funds. However, the citizen who pumps money in has not benefited from it.” he said.
As far as the appointments are concerned, Shriha said that at the beginning of the establishment of the Libyan Investment Authority, a committee had been set up in order to choose between the candidates by adopting transparent professional methods.
“At first, the Libyan Investment Authority had employed Libyan youth from all the regions and various parties.” he pointed out, adding that his resignation from the institution was because of a number of decisions among which the reappointing of the same system instead of introducing a new one.