Featured Libya

Private war in Libya funded via Scots firms

A convicted arms dealer branded a “merchant of death” used Britain’s most notorious form of ghost company to finance a private air war in Libya, The Times can disclose. Rami Ghanem supplied mercenaries to fly and maintain fighter-bombers for one of the local militias battling for scraps of the fractured… Read More

European money intended for Libyan migrants being diverted, laundered

AP — When the European Union started funneling millions of euros into Libya to slow the tide of migrants crossing the Mediterranean, the money came with EU promises to improve detention centers notorious for abuse and fight human trafficking. Instead, the misery of migrants in Libya has spawned a thriving… Read More

Canada’s SNC-Lavalin settles Libya bribery case that shook Trudeau government

A division of SNC-Lavalin Group Inc pleaded guilty to fraud and will pay a C$280 million fine, the company said on Wednesday, in a case related to projects in Libya that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis. The construction and engineering company reached a settlement after being… Read More
10th December 2019
Summing up six weeks of testimony at the trial of a former SNC-Lavalin executive accused of fraud and corruption, a prosecutor told jurors Monday that greed lies at the root of the accusations. Sami Bebawi’s fate will soon be in the hands of the jury after federal prosecutors made their… Read More
3rd October 2019
Didier Reynders, Belgium’s pick for EU justice commissioner, denied on Wednesday corruption allegations against him and said he would continue to seek the post because he had not been charged. At a confirmation hearing, Belgian Foreign Minister Reynders told the European Parliament that money-laundering allegations made by a former Belgian… Read More
5th September 2019
An international hunt for millions in cash stolen from an art specialist in New York has found its way into a Maltese court, knocking on the door of auditor Joseph Sammut and his Libyan networks. Sammut, a one-time treasurer for the Labour Party, is already in court facing… Read More
19th August 2019
Andrea Vella was Goldman Sachs’s top dealmaker in Hong Kong. He had a nose for splashy trades, a fondness for the Bentley Continental, and a vague enough resemblance to George Clooney that there was even a joke among some bankers: “What would George do?” That was almost a year ago. Read More
1st April 2019
AP — The United Nations says a member of the U.N. panel of experts monitoring sanctions against Libya has been arrested in Tunisia despite having diplomatic immunity. U.N. deputy spokesman Farhan Haq said Mocef Kartas, who reportedly has dual German-Tunisian citizenship, was arrested following his arrival in Tunis on March… Read More
29th March 2019
AP — The U.N. envoy to Libya says corruption and fighting over resources among rival factions are core issues impeding progress in resolving the country’s turmoil. Ghassan Salame told the Qatar-based Al-Jazeera TV late Wednesday that building national institutions in charge of a fair distribution of wealth is “the… Read More
30th July 2018
Standard Chartered has agreed to a further extension of its U.S. Deferred Prosecution Agreements (DPAs) until 31 December 2018, the bank said. The Group reached agreements with the United States after admitting that it had processed payments for sanctions targets, and paid a settlement of $327 million. It also agreed… Read More
22nd March 2018
Former French President Nicolas Sarkozy says allegations he received campaign funding from late Libyan leader Muammar Gaddafi are making his life “hell”. “I am accused without any physical evidence,” Mr Sarkozy told magistrates, Le Figaro newspaper reports. He has been placed under formal investigation for illicit election campaign financing in… Read More
11th January 2018
A French businessman wanted for questioning in relation to an inquiry into the alleged illegal financing of Nicolas Sarkozy’s 2007 presidential election run by the late Libyan dictator Muammar Gaddafi has been granted £1m bail by the high court in London. French police are seeking to extradite Alexandre Djouhri to… Read More
7th November 2017
7 November 2017 By Maya Nikolaeva Societe Generale said the French financial prosecutor had opened a preliminary investigation into possible violations by the bank of French anti-corruption laws, and had requested documents on its ties with the Libyan Investment Authority. Earlier this year Societe Generale agreed to pay nearly 1… Read More