On 24 November, the Organized Crime and Corruption Reporting Project (OCCRP) published a report titled ‘Libyan Businessman Who Ran for President Squandered Sovereign Wealth Fund’s Money, Government Audit Claims’. The report looks at Abdelhakim Baayo, who made headlines in 2021 for becoming the first person to register to run in Libyan presidential elections, and the multiple state bodies accusing him of mismanaging funds at a sovereign wealth fund subsidiary he ran in Spain. And while some of the allegations were made public in an audit report and on social media, the evidence behind them was not. OCCRP now says it has obtained internal documents — including invoices, emails, and payment notifications — that corroborate many of the key claims.
Read the full report here.