Head of the Investigations Bureau at Libya’s Attorney General’s Office, Siddiq Al-Sour, issued on Wednesday an arrest warrant for General Manager of Sahara Bank, Abu Bakr Al-Wadani, suspected of involvement in squandering LYD 100 million.
Investigations over two months showed that Al-Wadani and a number of the bank’s employees, including an employee who fled abroad, were involved in squandering public money.
Director of public relations office in Sahara Bank, Issam Hamza, told 218 News that Al-Sour phoned Al-Wadani on Tuesday morning and asked him to come to his office and upon his arrival he was arrested.
The case dates back to 2016, when LYD 100 million were squandered in the bank’s El-Maya branch through manipulating Sukuk issuance, according to Hamza.
On 9 February, Al-Sour also ordered the arrest of 103 people on charges relating to smuggling of fuel and selling it at higher prices than that charged by the authorities. Al-Sour explained that the arrest warrants are part of the ongoing investigations into violations against public interests.