Skip to main content
|

Libyan Audit Expert reveals GECOL’s contract particulars

Audit Expert at the Libyan Audit Bureau, Mohamed Zakar, said During Flusna Tv Program:

“Global Witness’ report “How Libya’s multibillion-dollar trade finance scheme risks defrauding the country via London banks,” added nothing to the information provided in the Audit Bureau’s report… It was not surprising, neither for the bureau nor for its members.”

“In 2015, the General Electricity Company of Libya (GECOL) requested an audit of a 20 tractor trailers contract at the value of LYD 675 million, which was rejected by the Audit Bureau due to the project’s ineffectiveness.”

” Before suspending the contract, it had been transmitted to the Audit Bureau in Al-Bayda so as to be executed.”

“The procedures were suspended, and the issue was referred to the Attorney General based on the inconsistent data included in the correspondence.”

Share the news