The Attorney General’s Office announced on Wednesday the detention, pending trial, of the head of the Documentary Credits Department at the Libyan Foreign Bank, and his deputy.
They are being investigated on charges of causing serious damage to public funds, through the railway tunnel implementation project in Tripoli, worth € 5.7 million.
They are accused, as administration officials, of deviating from the requirements of maintaining the interest entrusted to them, their failure to comply with the rules governing banking work when dealing with the bank’s pledge to pay the € 5.7 million euros, for the benefit of the state contractor, the Organisation for the Development of Administrative Centres (ODAC), for the implementation of the railway tunnel in the city of Tripoli.
This, the Attorney General’s Office reports, caused serious damage to public money as a result of abandoning the responsibility of extending the validity of the letter of guarantee.
