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Home News Pretrial detention of Price Stability Fund chairman and 3 other officers for contract fraud

Pretrial detention of Price Stability Fund chairman and 3 other officers for contract fraud

by Celia

The Attorney General’s Office of Libya announced the pretrial detention of the chairman and three other officials of the Price Stability Fund on charges of contract fraud. The detained individuals include the trade, tender, and standards officials. The allegations stem from irregularities in the contract procedures for supplying 9,000 tons of rice in 2017, resulting in a price discrepancy of US$ 2.169 million. The officials allegedly accepted the delivery of the rice despite it failing to meet quality standards, with 3,000 tons deemed unfit for human consumption. The Chief Prosecutor discovered these irregularities, leading to the detention of the accused pending further investigation and trial.

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