ACA claims local bank involved in letters of credit fraud

By Moutaz Ali Tripoli, 5 April 2017: Zliten’s Bank of North Africa branch is to be investigated by the Administrative Control Authority (ACA) in Tripoli over claims of financial irregularities. It is alleged that the bank branch granted 24 Letters of Credit (LCs) to three companies owned by only one person. The ACA suggests the companies’ … Continue reading ACA claims local bank involved in letters of credit fraud