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Home Libya

Former Director of Long-Term Investment Portfolio’s Housing Company for Tourism and Hotel Investments to be detained for misappropriation of US$ 15 million

bySami Zaptia
November 26, 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 yesterday that the investigating authority has ordered the detention of a former director of the Housing Company for Tourism and Hotel Investments, a subsidiary of the long-term investment portfolio.

The Deputy Prosecutor, at the Attorney General’s office, followed up on the findings of the Audit Bureau’s examination of the company’s activities in Jordan. The investigation into the financial irregularities revealed misappropriation of fifteen million dollars of company funds, leading the investigator to order the suspect’s pretrial detention pending further investigation.

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Tags: AG Attorney General PPO Public Prosecutors Officebribery fraud corruption embezzlement negligenceHousing Company for Tourism and Hotel Investmentslong-term investment portfolio

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