No Result
View All Result
Friday, September 22, 2023
28 °c
Tripoli
27 ° Sat
24 ° Sun
24 ° Mon
24 ° Tue
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Audit Bureau freezes 100 bank accounts suspected of abuse of public funds

bySami Zaptia
January 21, 2016
Reading Time: 1 min read
A A
12
SHARES
54
VIEWS
Share on FacebookShare on Twitter

By Sami Zaptia.

The Tripoli-based Audit Bureau freezes 100 bank accounts accused of currency smuggling, and false documents.
The Tripoli-based Audit Bureau freezes 100 bank accounts accused of currency smuggling, and false documents.

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.

RELATED POSTS

Derna update: Locals angry, contradicting messages about journalists being ordered to leave Derna for ‘‘health reasons’’

Audit Bureau discusses Eni gas deal with objecting Oil Minister Aoun

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]

 
Tags: AB Audit Bureaufeaturedforeign currency
Share5Tweet3Share1

Related Posts

Libya’s eastern government meets Egyptian companies to discuss post Storm Daniel reconstruction
Business

Libya’s eastern government meets Egyptian companies to discuss post Storm Daniel reconstruction

September 22, 2023
Electronic Tracking system for imported goods goes into operation
Business

Customs Authority implements digital transformation through pilot project for customs declaration e-portal

September 21, 2023
Libyan Business Council to complete a stalled 2,000-apartment project in Derna to house flood victims
Business

Libyan Business Council to complete a stalled 2,000-apartment project in Derna to house flood victims

September 21, 2023
Electronic Tracking system for imported goods goes into operation
Business

Libyan Customs Authority signs agreement with Dubai-based Webb Fontaine for Advance Cargo Information System

September 21, 2023
Turkey agrees to reduce age range for Libyans requiring an entry visa
Business

Technical Turkish delegation reaffirms desire for return of Turkish airlines to Libya

September 12, 2023
Oil Minister Aoun confirms support for development of Zawia Refinery and its port
Business

Oil Minister Aoun confirms support for development of Zawia Refinery and its port

September 12, 2023
Next Post

Thinni in Cairo for terrorism talks

Opposing reactions to appointment of unity government’s defence minister

Opposing reactions to appointment of unity government’s defence minister

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • Latest UN satellite imagery shows extent of Storm Daniel destruction in Derna

    Latest UN satellite imagery shows extent of Storm Daniel destruction in Derna

    117 shares
    Share 47 Tweet 29
  • Derna disaster update: Five Greek aid workers die in road accident, Spanish and Maltese teams return home

    91 shares
    Share 37 Tweet 23
  • Tripoli and Hafter’s army working side-by-side – A roundup of the eastern rescue effort

    181 shares
    Share 74 Tweet 45
  • UN lunches US$ 71 million Libya floods appeal, WHO and Red Cross advise against mass burials

    76 shares
    Share 33 Tweet 18
  • Attorney General launches investigation into Derna dam failures, as aid continues to arrive by air and sea

    68 shares
    Share 28 Tweet 17
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Providing psychosocial support to the thousands affected by Storm Daniel is a priority: UN

After the Derna dams disaster, dams in Benghazi and Sirte receive attention

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?