By Sami Zaptia.
London, 21 January 2016:
The Tripoli-based Libyan Audit Bureau has frozen the bank accounts of 100 companies and individuals suspected . . .[restrict]of abusing public funds.
The frozen bank accounts represent 38 companies and 62 individuals in 6 different Libyan banks and are to face charges of ‘’currency smuggling’’ and using ‘’fake official documents’’.
It will be recalled that in October 2015 the Audit Bureau had announced a freeze on 160 individual and company accounts. These included companies and members of the Husni Bey Group.
In November 2015, however, the Audit Bureau reversed its freeze on 12 individuals / companies including all the Husni Bey companies and individuals.
This action by the Audit Bureau can be seen as part of a wider and ongoing effort by it and by the Central Bank of Libya to counter corruption and the smuggling of Libya’s foreign currency through the opening of false Letters of Credit or the transfer of money abroad without importing goods in return. [/restrict]