Police Arrest Ex-CEO of Bank That Collects Libya’s Oil Wealth
- Mohamed bin Youssef dismissed in 2018 over fraud allegations
- Detention comes after partial resumption in crude production
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Police in Tripoli arrested the former chief executive officer of Libyan Foreign Bank on Monday, two Libyan security and judicial officials said, following a power struggle at the top of the institution that gathers the country’s oil revenues and has faced allegations of fraud.
Mohamed bin Youssef was taken into custody on the orders of the state prosecutor who’s investigating him for squandering funds and mismanaging the bank’s assets, an official at the Interior Ministry told Bloomberg.