The Attorney General’s Office announced on Tuesday that it has detained, pending the trial, the former General Manager and Directors of the general shareholding management of the Libyan Foreign Investment Company in Egypt. They are accused of negligence over US$ 90 million.
After examined the outcome of the administrative and financial audit reports related to the duty to achieve the objectives of the Foreign Investment Company using the tools for managing its activity in Egypt, the prosecutor inferred that successive officials in the executive departments had neglected the rules and controls that safeguard public funds.
They did this by breaching their investment risk management duties, their separation from the responsibility of controlling the management of contractual relationships worth hundreds of millions of U.S. dollars to ensure the public interest.
The prosecutor then proceeded to pursue seven other defendants who took successive management of the company and failed to preserve and maintain the remaining value.
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Attorney General’s Office announces the digitisation of 400,000 case archives (libyaherald.com)
ttorney General calls for enforcement of 8,676 old arrest warrants, including against 1,632 convicts still working for Interior Ministry (libyaherald.com)
Attorney General orders pretrial detention of Health Ministry Financial Controller for contract corruption (libyaherald.com)
Ministry of Health Legal Affairs official detained pending case for contract fraud (libyaherald.com)
Upon Attorney General’s order, Brega stops supplying 32 petrol stations accused of fuel smuggling (libyaherald.com)
Prosecutor orders fuel supply ban on 32 petrol stations accused of complicity in fuel smuggling (libyaherald.com)
CBL Governor calls on Attorney General to stop continuous drain of inflated and mismanaged overseas state health costs (libyaherald.com)
Attorney General evaluates first results of review into Libyan citizen’s civil status, auditing residence records and births, deaths and marriage registration (libyaherald.com)
Mechanism for contentious right to free overseas education scholarship approved by Attorney General, Central Bank Governor, Ministers and others (libyaherald.com)
Attorney General orders arrest of company’s representative for importing banned GM corn (libyaherald.com)
Attorney General launches investigation into Derna dam failures, as aid continues to arrive by air and sea (libyaherald.com)
Attorney General orders return of Illegal shipment of methyl bromide gas seized at port (libyaherald.com)
Attorney General’s Office arrests 39 in Zawia area for murder, kidnapping and banditry (libyaherald.com)
Attorney General takes measures to combat Zawia refinery fuel smuggling through security apparatus (libyaherald.com)
