The Attorney General’s Office reported yesterday that six Sahary Bank officials were sent to jail by Tripoli Criminal Court in conspiring to defraud their Ain Zara branch of LD 1.5 million.
They were charged with causing serious harm to the public interest, deliberately falsifying accounting entries, making financial transfers worth LD 1.5 million to accounts opened in other banks, trading in this value in the currency black market, depriving the bank’s customers from acquiring cash equivalent (during the banking cash crisis) to the value of their savings and salaries.
The sentenced bank officials were the former Ain Zara Branch Manager and the Electronic Clearing Officer, who both received an eight-year jail sentence. They were also fined LD 1.725 million – of which LD 876,000 were received.
The Head of the Current Accounts Department received a four-year sentence. The Head of the Remittance Department at the bank's General Administration received an eighteen-month prison sentence. The former Head of the Treasury Department and a former Financial Auditor received sentences of one year each.