By Libya Herald reporter.
Tunis, 11 December 2017:
The Audit Bureau warned today on its official Facebook page against what it said were defamation campaigns targeting it on social media. It claimed these were backed by “corrupt” individuals and thieves of the state funds to undermine its integrity and transparency.
The announcement comes amid heated accusations of national and international companies allegedly involved in scams exploiting the wide gap between the official and black market values of the Libyan dinar.
Letters of credit are fraudulently obtained at the official rate of LD 1.36 to the dollar to import non-existant goods. Empty containers arrive in Libya, the funds are released abroad and the dollars thus obtained are then smuggled back into Libya and exchanged on the black market where the current rate is LD 9.10 to the dinar. In effect, the state is subsidising the scam.
The Audit Bureau has recently exposed what is says are networks of national and foreign exporting companies involved in illegal transactions. Last week it named a number of individuals it claimed were responsible for the arrival of 40 empty containers to Benghazi.
Another 38 empty containers supposed to carry mineral water are reported to have arrived today at Tobruk port.