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Our journalism has so far helped return $10+ billion to the public sphere and led to 700+ arrests, indictments, and sentences.
Baayo told OCCRP through a former colleague that the allegations were false.
Alhammra went into liquidation in Spain in 2022 and Baayo announced his resignation on Facebook the following year.
Meanwhile his presidential ambitions have yet to be tested — elections have been repeatedly delayed.
Alhammra went into liquidation in Spain in 2022 and Baayo announced his resignation on Facebook the following year.
Meanwhile his presidential ambitions have yet to be tested — elections have been repeatedly delayed.
November 24, 2025 at 7:01 PM
Baayo told OCCRP through a former colleague that the allegations were false.
Alhammra went into liquidation in Spain in 2022 and Baayo announced his resignation on Facebook the following year.
Meanwhile his presidential ambitions have yet to be tested — elections have been repeatedly delayed.
Alhammra went into liquidation in Spain in 2022 and Baayo announced his resignation on Facebook the following year.
Meanwhile his presidential ambitions have yet to be tested — elections have been repeatedly delayed.
Baayo allegedly used company money to:
💰Make a down payment on a Madrid apartment
💰Pay medical expenses
💰Pay rent on behalf of the deputy PM
There is no indication that Baayo was ever charged in Libya and a complaint filed against him in Spain was ultimately withdrawn by the plaintiffs.
💰Make a down payment on a Madrid apartment
💰Pay medical expenses
💰Pay rent on behalf of the deputy PM
There is no indication that Baayo was ever charged in Libya and a complaint filed against him in Spain was ultimately withdrawn by the plaintiffs.
November 24, 2025 at 7:01 PM
Baayo allegedly used company money to:
💰Make a down payment on a Madrid apartment
💰Pay medical expenses
💰Pay rent on behalf of the deputy PM
There is no indication that Baayo was ever charged in Libya and a complaint filed against him in Spain was ultimately withdrawn by the plaintiffs.
💰Make a down payment on a Madrid apartment
💰Pay medical expenses
💰Pay rent on behalf of the deputy PM
There is no indication that Baayo was ever charged in Libya and a complaint filed against him in Spain was ultimately withdrawn by the plaintiffs.
When Baayo announced his 2021 presidential election bid, he was a businessman leading Alhammra Company Spain — a Spanish firm owned by Libya’s sovereign wealth fund.
But by this time, multiple official bodies had accused him of mismanaging Alhammra funds.
www.occrp.org/en/scoop/lib...
But by this time, multiple official bodies had accused him of mismanaging Alhammra funds.
www.occrp.org/en/scoop/lib...
Libyan Businessman Who Ran for President Squandered Sovereign Wealth Fund’s Money, Government Audit Claims
In 2021, Abdelhakim Baayo made headlines for becoming the first person to register to run in Libyan presidential elections. By that time, multiple state bodies had accused him of mismanaging funds at…
www.occrp.org
November 24, 2025 at 7:01 PM
When Baayo announced his 2021 presidential election bid, he was a businessman leading Alhammra Company Spain — a Spanish firm owned by Libya’s sovereign wealth fund.
But by this time, multiple official bodies had accused him of mismanaging Alhammra funds.
www.occrp.org/en/scoop/lib...
But by this time, multiple official bodies had accused him of mismanaging Alhammra funds.
www.occrp.org/en/scoop/lib...