The Attorney General’s Office reported today that Tripoli Criminal Court convicted two former directors of Sahara Bank’s management, documentary credit officials, and bank operations for seven years for fraud.
The defendants were accused of executing documentary credits in 2015 for the benefit of companies not registered in the commercial register, which allowed its commissioners to benefit – without supplying goods – sums of money generated by trading in foreign currency in the black market.
Beside the prison sentence, the convicts were each fined LD 10,000 and obliged to return LD 53 million.
