The American organization The Sentry revealed that armed groups, favoritism, and incompetence are among the causes of scandals within the Libyan Investment Authority.
The organization pointed to a damning report issued by The Sentry’s investigative team, which exposed how corruption and negligence led to the depletion of tens of billions of dollars from the Libyan Investment Authority, depriving the Libyan people of their oil wealth.
The organization added that whenever a political figure visits Tripoli, Prime Minister Abdul Hamid Dbeibah promises a massive financial package ranging between $65 billion and $70 billion, according to the organization.
