Lebanese court orders seizure of central bank governor Riad Salameh’s assets
A Lebanese court ruled on Monday to seize the assets of central bank governor Riad Salameh.
In a statement from the Ministry of Justice, Judge Faisal Makki ruled that Salameh’s assets – including his house in Beirut’s Rabieh area, other property and personal allocation in Banque du Liban, Lebanon’s central bank – would be seized with immediate effect.
For all the latest headlines follow our Google News channel online or via the app.
A group of lawyers filed a lawsuit last month alleging that the governor had violated a number of articles in the penal code including committing fraud, job negligence, and undermining the finances of the state.
The group of lawyers who issued the suit is comprised of Hasan Bazzi, Haitham Ezzo, Jad Tohme, Joseph Wanis, Pierre El-Gemayel, Francois Kamel, Bassel Abbas.
The ruling comes as Salameh receives increasing criticism for his complicity in a poorly-managed banking and finance sector, which many have likened to a regulated Ponzi scheme.
Lebanon c. bank to form committee to restructure bloated banking sector: Reuters
Lebanese pound dips after brief increase in value
Lebanon likely to have another fire season amid major economic crisis: Experts
Lebanon’s identity is under threat from the ‘Axis of Resistance’ – it needs supportThe Lebanon known to the world is withering away. The country that was previously compared to Europe and described as “Switzerland of the Orient” is ... Middle East
Dialogue needed over issue of Lebanon’s ‘neutrality’ in region, says PM DiabLebanon’s Prime Minister Hassan Diab said on Saturday dialogue was needed over the country’s stance on regional conflicts, after meeting with a top ... Middle East
Lebanon likely to have another fire season amid major economic crisis: ExpertsIn the hills of Mechref, in Lebanon’s forested Chouf district, hillsides full of charred pine trees bear witness to the damaging fires that swept the ... Features
Lebanon’s advisers to work on compromise on financial plan for IMF, sources sayLebanon’s financial adviser Lazard will see if a government financial rescue plan can be adjusted to reach a compromise workable for the International ... Economy