Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million

[Libya Herald - Libya] - 16/01/2026
The Libyan Customs Authority announced yesterday the detection of 11 companies that obtained Letters of Credit at the official (and lower) exchange rate without importing any goods. Investigations showed that US$ 54 million was transferred to foreign beneficiaries without actual imports. The (…)
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