✍️ Mohammed Al-Assta
Amid escalating security crises in Tripoli, a controversial decision by Ali Mahmoud, Chairman of the Libyan Investment Authority, has sparked widespread outrage. He extended Najla El Mangoush’s term on the board of the Arab Investment Company in Bahrain, granting her a monthly salary of $34,000—plus an additional $15,000 for her membership in the Governance and Risk Committee.
The move raised serious concerns, particularly after El Mangoush filed a request to transfer Libya’s share of the company’s 2024 profits—around $250,000—to her personal account in the UK. Notably, she holds the position based on a legal proxy using her British citizenship, not her Libyan one—marking an unprecedented case among representatives of Arab states.
Al-Assta posed several pressing questions to the Government in Tripoli:
• Why was El Mangoush’s membership extended despite her loss of Libyan nationality?
• Was the decision influenced by internal or external pressure?
• Is Libya truly lacking in qualified national professionals?
• When will the government take real action toward transparency and anti-corruption in sovereign investment management?
