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Three Libyan Foreign Investment Company officials in Morocco held in pretrial detention for fraud

bySami Zaptia
March 3, 2025
Reading Time: 1 min read
A A
Attorney General orders arrests at Jumhouria bank branch for embezzlement

(Logo: Libya's Attorney General)

‎The Attorney General’s Office reported last Friday (28 February) that its Deputy Public Prosecutor has ordered the pretrial detention of the official of the Libyan Foreign Investment Company in Morocco, the company’s service official, and the company’s technical affairs official.‎

The accused were found to have deviated from the requirements of the job entrusted to them. The investigator inferred that they were willing to violate the rules of public money management. This, by deliberately disbursing public money in exchange for local work contracts without assigning any jobs to the contracted persons,

This included their contribution to the obtaining of material benefits for others that are not permitted by legislation, by ignoring – without legal justification – the duty to collect the rent price of real estate owned by the company.

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Tags: bribery fraud corruption embezzlement negligenceLibyan Foreign Investment Company LFICMorocco Moroccan

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