Latest news with #AdministrativeControlAuthority
Libya Herald
16-07-2025
- Business
- Libya Herald
ACA suspends the Executive Director, the Chairman and 6 Board members of GNMTC
Based on the report of the Administrative Control Authority's (ACA) Director of the General Department of Control on the productive sectors and infrastructure No. (1392-39), and what is required by the public interest, the President of the ACA issued on 13 July his decision No. (391) of 2025 suspending from work the following: – The Executive Director of the General National Maritime Transport Company (GNMTC). - The Chairman of the Board of Directors of the GNMTC. - A member of the Board (No.1) of the GNMTC. - A member of the Board (No.2) of the GNMTC. - A member of the Board (No.3) of the GNMTC. - A member of the Board (No.4) of the GNMTC. - A member of the Board (No.5) of the GNMTC. - A member of the Board (No.6) of the GNMTC. The ACA said the suspension comes for reasons and requirements of the public interest, pursuant to the provisions of Article (31) of Law No. (20) of 2013 establishing the ACA, its amendments, and its executive regulations.
Libya Observer
05-07-2025
- Business
- Libya Observer
CBL freezes accounts of 12 companies in major medical supply corruption probe
The Central Bank of Libya (CBL) has ordered commercial banks to freeze the current accounts of 12 companies implicated in a high-profile corruption case involving the Medical Supply Agency. The companies had received substantial payments in exchange for supplying medicines and medical equipment to hospitals and health centers, as part of contracts now under investigation. The directive was issued via an official letter from the Deputy Director of the Banking and Currency Supervision Department to bank managers, following a request from the Administrative Control Authority. The letter refers to ongoing investigations into serious violations and misconduct by officials at the Medical Supply Agency. Earlier this week, the Administrative Control Authority announced the suspension of the head of the Medical Supply Agency, along with three other agency officials and two individuals from the Administrative Control Authority, accused them of embezzling 73 million Libyan dinars through the falsification of official documents. Tags: Central bank of Libya corruption
Libya Observer
03-07-2025
- Libya Observer
Medical Supply head and five former officials suspended over embezzlement of 73 million dinars
The Administrative Control Authority announced on Tuesday the suspension of the current head of the Medical Supply Agency, along with five other officials, over charges of embezzling 73 million Libyan dinars through the falsification of official documents. Among those suspended are three officials from the Medical Supply Agency and two members of the Authority, including the former deputy head of the Administrative Control Authority, the former head of the Medical Supply Agency, two former financial auditors, the former Director of the Financial Department, and a former member of a regulatory committee. In a statement, the Authority confirmed that the accused acted jointly to misappropriate the funds by forging official documents within the organization. News Tagged: Administrative Control Authority corruption
Libya Review
01-07-2025
- Business
- Libya Review
France Reaffirms Support for Libya's Transparency Efforts
France has reiterated its support for Libya's Audit Bureau in its efforts to strengthen good governance, transparency, and financial oversight across public institutions. During a meeting with Audit Bureau President Khaled Shakshak, French Ambassador to Libya Mustapha Mihraje expressed his country's commitment to enhancing bilateral cooperation in transparency and fiscal monitoring, according to a statement published by the Bureau on Facebook. The ambassador stressed the importance of joint efforts to confront Libya's current challenges and the need to develop institutional tools that improve governance and oversight capacity. The meeting highlighted the pivotal role of the Audit Bureau in promoting accountability and responsible public financial management through its annual reports, which aim to optimize resource utilization and combat corruption. President Shakshak underscored the need for ongoing oversight to ensure fairness in public spending and to uphold integrity in state affairs. Earlier the same day, Ambassador Mihraje also met with Administrative Control Authority Chairman Abdullah Qaderbuh to discuss the general economic situation in Libya and to explore ways of enhancing bilateral cooperation in regulatory affairs. Tags: Audit BureauCorruptionfrancelibya
Libyan Express
20-06-2025
- Business
- Libyan Express
Watchdog moves against financial crimes chief
BY Libyan Express Jun 20, 2025 - 05:20 Libya's Administrative Control Authority Libya's Administrative Control Authority has suspended the head of the Financial Crimes and Anti-Money Laundering Agency, Jamal Omar Al-Mazoughi, as part of a precautionary measure linked to an internal oversight report. The decision, issued by Authority Chairman Abdullah Qaderbuh under Resolution No. 336 of 2025 , follows a review conducted by the General Directorate for Oversight of the Prime Minister's Office. The Authority said the move was made in the public interest. In a statement published on its official Facebook page, the Authority said the suspension was taken 'in accordance with the requirements of public interest,' citing Article 31 of Law No. 20 of 2013, which governs the body's mandate, as amended. No further details were provided regarding the nature of the oversight findings or whether formal charges are expected. The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express. How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@ Please include 'Op-Ed' in the subject line.
