Lebanon Central Bank gov’s son moved millions abroad while Lebanese watched blocked savings dwindle

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Lebanon
  • Date: 14-May-2022
  • Source: Ya Libnan
  • Sector: Economy
  • Country: Lebanon
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Lebanon Central Bank gov’s son moved millions abroad while Lebanese watched blocked savings dwindle

By Riad Kobaissi, Tom Stocks (OCCRP), and Rana Sabbagh (OCCRP)

KEY POINTS:

Beirut – The son of Lebanon’s central bank governor was able to transfer over $6.5 million out of the country while banking restrictions blocked ordinary citizens from accessing their savings and a financial crisis shredded the value of their deposits, leaked documents show. 

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