Lebanon’s corruption bill ‘unlikely’ to recover lost funds, says expert

Lebanon’s corruption bill ‘unlikely’ to recover lost funds, says expert

New legislation passed by Lebanon's Parliament on Monday to recover embezzled funds is unlikely to lead to new investigations into corruption in the near future, a legal expert told The National.

The law was a key demand of a growing number of Lebanese who took to the streets in recent months to protest decades of corruption and mismanagement that have plunged Lebanon into one of its worst economic and financial crises.

In 2020, Lebanon ranked 149th out of 180 countries on Transparency International's corruption perception index.

Parliament speaker Nabih Berri told Monday's session that Lebanon was like the Titanic, warning that “the whole country