New head of the intelligence service caught in an 800 million dinar fraud case

Shkashek stated in a report addressed to the Presidential Council that the Bureau had confirmed that “Hossein Al-Ayeb, in his capacity as Chairman of the Board of Directors and Director-General of the International Development and Investment Corporation (IDIC), was involved in the process of cheating and circumventing the Libyan State with a view to obtaining contracts from the Housing Agency for housing and utilities worth more than 800.”

In 2019, the Audit Bureau established a committee to conduct an investigation into the case file. The Case Department had been contacted in order to appeal the arbitral decision in Genghis’ favor. The Public Prosecutor’s Office had received a copy of the evidence.

“Corruption, fraud, and embezzlement have harmed the Libyan State’s interests,” he said, calling for the Director of Intelligence’s assignment to be withdrawn in order to protect the Libyan State’s interests, particularly since the State Case Management was pursuing the annulment of the arbitral judgment before the Paris Court of Appeal, claiming that the acquittal was a result of Hossein Al-Ayeb’s actions.