North Africa Bank Official Detained over 7.6M Dinar Case

In Short

What Happened

The Public Prosecution ordered the detention of the clearing official at North Africa Bank’s Al-Abyar branch, pending investigation.

According to the Prosecutor General’s Office, the Anti-Corruption Prosecution, within the remit of the Benghazi Attorney General’s Office, handled the investigation into the alleged seizure of 7 million and 600 thousand dinars from the bank’s funds.

The Prosecutor General’s Office said investigative work found evidence that the accused created accounting entries that did not reflect the truth. It also said bank transfers were carried out in a way that helped facilitate the withdrawal of the funds.

The office added that the investigator confronted the accused with the alleged facts and the legal basis linked to the case, then issued the pretrial detention order. It also said relevant authorities were instructed to track the proceeds of the alleged crime.

Why It Matters

The case points to how internal processes, including accounting controls and bank transfer workflows, can be used to enable withdrawals when records are falsified.

For Libya’s banking sector, the investigation also highlights the role of anti-corruption prosecutors and the Prosecutor General’s Office in pursuing alleged financial crimes, including attempts to trace proceeds after funds have been withdrawn.