Lebanon’s ex-Central Bank Chief Riad Salameh arrested

Lebanon’s former central bank governor, Riad Salameh, was arrested on Tuesday following a judicial hearing in the capital Beirut, a senior judicial source told Reuters.

Salameh has been charged in Lebanon with financial crimes including money-laundering, embezzlement and illicit enrichment. He has denied all wrongdoing. Neither he nor his lawyer immediately responded to Reuters attempts to reach them for comment on Tuesday.

A Lebanese flag is pictured near the statue of Virgin Mary in Tyre, southern Lebanon August 26, 2024 (credit: REUTERS/AZIZ TAHER)

The judicial source said that Salameh was arrested at Lebanon’s justice palace following a hearing about the central bank’s dealings with Optimum Invest, a Lebanese firm that offers income brokerage services, according to its website.

Corruption charges

The source said that Optimum had dealt with Lebanon’s central bank to buy and sell treasury bonds and certificates of deposit in Lebanese pounds.

Optimum did not immediately respond to a Reuters request for comment. An undated statement on its website said that a financial audit had found “no evidence of wrongdoing or illegality” in the company’s dealings with Lebanon’s central bank.

Salameh, 73, was Lebanon’s central bank governor for 30 years until July 2023. In his final months as governor, France and Germany issued arrest warrants for him on corruption charges.



Read original article here

Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a Comment