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Home Libya

Two convicted for stealing Central Bank of Libya funds worth over US$ 128 million

bySami Zaptia
October 14, 2023
Reading Time: 3 mins read
A A
Attorney General orders arrests at Jumhouria bank branch for embezzlement

(Logo: Libya's Attorney General)

The Attorney General’s Office reported Thursday that Misrata Criminal Court issued a ruling convicting two people who belonged to an organization established for the purpose of seizing funds from the Central Bank of Libya’s Sirte branch.

The Attorney General’s Office revealed that the arrested persons conspired with members of the organization to develop a plan to seize US$ 128 million and € 5 million from the bank’s funds in 2013 through coercion.

Found guilty, one person was sentenced to 15 years in prison, fined LD 2.5 million and permanently deprived of his civil rights. The second person was sentenced to imprisonment for 13 years. He was fined LD 50,000 and permanently deprived of his civil rights.

 

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Tags: AG Attorney General PPO Public Prosecutors OfficeCBL Central Bank of LibyaSirte

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A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

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