CBL Denies Responsibility for Import Corruption

The Central Bank of Libya (CBL) has denied that it is responsible for corruption in the import of goods through Libya’s ports, according to a report from Libya Herald.

The statement from the CBL's Media Department came after the alleged discovery of corruption in a ten-million-dinar rice import deal.

It was reported that 110 containers of rice unloaded at Tripoli port were unfit for human consumption due to insect infestation.

The containers were part of a larger deal totalling 400 containers for 10,000 metric tonnes of rice at a value of LD 10.3 million.

A Letter of Credit was reportedly opened at the Jumhouria Bank (Gumhouria Bank) with a deposit of 15 percent.

(Source: Libya Herald)

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