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Libyan Attorney General investigates US$2.8 million Wahda Bank documentary credits fraud
via Libya Herald1 min read
The Attorney General’s Office in Libya has launched an investigation into alleged illicit financial benefits from banking operations at Al-Wahda Bank’s Souq Al-Thulatha branch. The Anti-Corruption Prosecution, under the Tripoli Court of Appeal, is examining information related to the collection of US$2.8 million in documentary credits without the corresponding deposit of Libyan dinars. Authorities have ordered the detention of the official responsible for managing documentary credit affairs at the time of the transaction and a representative of the company that benefited from the alleged fraud. Other participants in the incident are also being sought for questioning. Separately, Libya's Administrative Control Authority ACA continues to receive complaints and reports from citizens and residents through its Raqeeb whistleblowing website, aiming to enhance transparency and legal accountability while protecting whistleblowers.
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This summary was AI-generated from a story originally published by Libya Herald.
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