Somalia Central Bank treasurer accused of replacing $530,000 with fake bills

A treasurer at Somalia’s Central Bank is on the run after allegedly stealing more than half a million dollars from the institution.

The long-serving cashier replaced 530,000 dollars with fake bills.

Somali intelligence officials are investigating the matter.Recent reports show UN-backed government officials have been implicated in large-scale misappropriation of public funds.

Western donors are growing wary of the credibility of Somali financial institutions.