More infoThe chairman of the Foreign Affairs select Committee in Parliament and former leadership has publicly damned Mr Bailey at a time when the Governor is coming under pressure over his handling of inflation in the UK. It has emerged Mr Bailey met with Saddik Omar al-Kabir, Governor of the Central Bank of Libya (CBL), on July 1 which has been the subject of a damning report. Mr Tugendhat blasted the meeting for “seeming to endorse the practices of a troubled organisation.” Mr Tugendhat said: “Bailey has met with a man who has overseen an institution beset by fraud. “It is clear public money flows out of Libya, into London banks, and into the hands of gangsters and militias. Either way the Libyan public foots the bill, handing out more foreign currency than the imported meat is worth.
Source: Libya Today August 06, 2022 10:07 UTC