Insight: In Muddle Of Libya's Finances, Billions Go Missing -- ReutersMonths after rebels brought down the extravagant dictatorship of Muammar Gaddafi, the disarray in Libya's state finances at the end of last year was so bad the new leadership did not know the size of state assets, how their money was being spent, or what had happened to more than $2 billion transferred from the sovereign wealth fund.
An internal National Transitional Council (NTC) document paints a picture of a government bureaucracy so fractured and disorganized that nobody appeared able to keep track of what money was coming in, and how much was going out.
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My Comment: When one read's that billions are missing .... it should then not be a surprise to read stories like this one.
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