LibyaPolitics

Auditing of Central Bank of Libya’s accounts to commence after threatening sanctions against hindering parties

After internal and external increased pressure, the international auditing issue of the Central Bank was finally settled in Tripoli and Al-Bayda, as the expected task was assigned to Deloitte International, which is considered among the most prominent international companies specialized in auditing taxes and financial consulting.

Bloomberg cited judicial officials in Libya as saying that the long-delayed international auditing of the central bank in Libya is moving forward after the Attorney General’s office threatened to take legal measures against the authorities responsible for delaying this step, in addition to general command’s linking of this issue to the fate of oil production and its revenues.

Western and Libyan officials accused the bank’s governor in Tripoli, Al-Siddiq Al-Kabeer, of obstructing the auditing process after he stopped a check to pay the cost of the procedures by sending it to the Libyan Audit Bureau, which suspended it for technical reasons.

Bloomberg noted that the Head of the Bureau of Investigation at the Public Prosecutor’s Office, Al-Siddiq Al-Sour, talked to the Head of the Audit Bureau, Khaled Shakshak, to request the processing of audit payments, which was done during the next day of the meeting, saying that delaying the international audit of the central bank’s accounts impedes the investigation of the Public Prosecutor’s Office in money laundering.

The United States condemned what it said was an “illegal” delay in the auditing process, and last week, UN Secretary-General Antonio Guterres asked the Security Council to take the necessary steps to advance the process.

Related Articles

Back to top button