Libya audit bureau accuses government officials of corruption and taking funds abroad in personal accounts by using intermediate companies in Malta

Libya audit bureau accuses government officials of corruption and taking funds abroad in personal accounts by using intermediate companies in Malta

(LibyaNN)- Audit Bureau, Khaled Shakshak accused government officials of fraud, extortion, bribery, corruption, palm-greasing, and blackmail at the public interest expense.

The Head of the Audit Bureau, said that he is prepared to brief the House of Representatives in Tripoli on suspicions of corruption and violations of the Al-Inma Financial Investments Holding Company, the Public Health Insurance Fund and the Libyan Fund for Internal Investment and Development.

In a letter, which he sent to the monitoring committee of the HoR in Tripoli, Shakshak indicated that the officials in the aforementioned bodies have been implicated in the mismanagement of public funds by wasting it, smuggling it abroad and transferring it to private personal accounts.

The Audit Bureau is the highest financial oversight and accountability authority in the State, an independent and impartial professional body, with a legal personality and independent financial autonomy, it operates directly under the legislative authority, and is a member of international, African and Arab organizations for Supreme Financial and Accountability bodies.

As the continuation of state institutions in carrying out their oversight duties in this circumstances of government’s political division and duplication of security and lawlessness represents a complicated barrier to observatory or executive bodies are impeding them from carrying out their functional duties, but the regular issuance of the Audit Bureau’s report annually, even if not actually leads to applying punitive measures against violators remains an important notarial factor for financial irregularities and abuses and the Libyan judiciary will be able one day to hold offenders accountable based on these reports.