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Home Business

Bank of Commerce and Development manager detained for misappropriating LD 12.3 million

bySami Zaptia
May 22, 2023
Reading Time: 1 min read
A A
Attorney General orders arrests at Jumhouria bank branch for embezzlement

(Logo: Libya's Attorney General)

A current accounts manager at the Tripoli head office of the Bank of Commerce and Development has been detained, pending further investigation, for allegedly misappropriating LD 12.3 million.

The Public Prosecutor’s Office reported that the accused used an internal transfer ring of thirty bank accounts to withdraw the amount.

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Tags: AG Attorney General PPO Public Prosecutors OfficeBCD Bank of Commerce and Developmentfraud corruption embezzlementmisappropriation

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