Lebanese prosecutor opens probe into central bank governor and brother

bank lebanese prosecutor brother probe
  • Date: 01-May-2021
  • Source: Arab News
  • Sector: Economy
  • Country: Lebanon
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Lebanese prosecutor opens probe into central bank governor and brother

Author: ReutersID: 1619790665215266500Fri, 2021-04-30 17:05

BEIRUT: Lebanon’s public prosecutor has launched an investigation into central bank governor Riad Salameh, a judicial source said Friday.

The probe follows a Swiss legal request alleging that over $300 million had been embezzled from the bank through a company owned by Salameh’s brother.

The senior judicial source told Reuters the offices of Salameh’s younger brother Raja had been sealed off, with computers and files confiscated in the course of the investigation. The public prosecutor had no comment.

Riad Salameh, who denies any wrongdoing, had no comment when asked by Reuters about the opening of the investigation, the sealing of his brother’s office and the confiscation of the files.

The central bank also declined to comment, or to provide contact details for Raja Salameh, and Reuters was not immediately able to ask him for comment.

The Swiss attorney general’s office said in January that it had requested legal assistance from Lebanon in investigating “aggravated money laundering” and possible embezzlement relating to the Lebanese central bank, the Banque du Liban.

The Swiss request, seen by Reuters, alleges that Forry Associates, a company owned by Raja Salameh with a bank account in Switzerland that took commission on sales of Lebanese Eurobonds and Treasury bills, was paid

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