Libya: Bank manager detained over alleged embezzlement

  1. Libya: Bank manager detained over alleged embezzlement
Location:
tripoli, libya, Libya, Maghreb
Incident Date: February 12, 2024
Instability Rating Max 5.0: 1.50
Arrests: 1
DESCRIPTION::

The Accounts Manager at the Corinthia branch of Sahara Bank in Tripoli has been detained pending trial for embezzlement, as reported by the Attorney General’s Office on February 12. The manager is accused of unlawfully manipulating bank funds through violations of banking procedures and accounting restrictions, resulting in substantial harm to the bank's interests. The alleged embezzlement involved deliberately deducting hundreds of thousands of dinars by accepting bank instruments without corresponding balances in the drawers’ accounts, causing damage to public funds.

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