Detention of a former chairman of Libya Telecom & Technology Company for LD 20 million misappropriation

The Attorney General’s Office reported last Wednesday (26 November) that the investigating authority has ordered the detention of a former chairman of the Libya Telecom & Technology Company.

It reported that its Deputy Prosecutor investigated the disbursement of twenty million dinars of company funds in violation of established regulations.

The investigation revealed that the official intended to enter into a property purchase contract for eighty million dinars without appraising its market value, and that twenty-five percent of the contract price was disbursed in contravention of the company’s budget management procedures.

Consequently, the Public Prosecutor’s Office ordered the suspect’s pretrial detention pending further investigation.

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