Posts Tagged ‘LFB’

Libyan Foreign Bank is gambling with Libyans’ money, CBL says

  • 11 March 2018 - 15:30
Libyan Foreign Bank is gambling with Libyans’ money, CBL says

  The Central Bank of Libya (CBL) has accused the Libyan Foreign Bank (LFB) of gambling with Libyans’ money, a letter issued by the CBL and obtained by Libyan Express shows.   The CBL said the LFB is investing abroad with bonds that are not legal and have weak...

Report: Billion-dollar Embezzled via the Libyan Foreign Bank

  • 7 March 2018 - 22:23
Report: Billion-dollar Embezzled via the Libyan Foreign Bank

United Nations panel of experts on Libya reported that 10 companies based in Tajoura - a Tripoli suburb - have received a billion dollars in illegal letters of credits from Jumhouria Bank. The report was based on details provided by some bank officials, revealing that there had been also threats...