By Sami Zaptia.
London, 17 March 2016:
The Attorney General / Public Prosecutors Office (PPO) announced yesterday that it had held a meeting on Tuesday . . .[restrict]with the Audit Bureau and the Central Bank of Libya (CBL) in order to speed up prosecutions of financial crime.
The PPO said that it had discussed with the two institutions the problems and bottlenecks that were hindering the investigations and progress in the prosecution of financial crime cases.
This applied to crimes committed by individuals and companies connected to suspicious banking transactions which affect public interest and funds as well as stolen Libyan assets abroad.
It was agreed that a weekly routine meeting will be held between the three in order to speed up the process of putting criminals for justice.
It will be recalled that on Tuesday the CBL announced that it had frozen 600 bank accounts for money laundering offences and had referred them to the PPO for action.
Libya’s weal post revolutionary state and institutions, it weak justice and security enforcement agencies, the lack of a monopoly on the legitimate use of force, the widespread availability of weapons and militias has meant that corruption has been rife.