US Treasury targets 2 brothers in Lebanon for profiting from public corruption

US Treasury targets 2 brothers in Lebanon for profiting from public corruption

File Raymond Zina Rahme pictured at a casino in Monaco . The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated — Raymond Zina Rahme and his brother Teddy Zina Rahme — who used their wealth, power, and influence to engage in corrupt practices that contribute to the breakdown of the rule of law in Lebanon, thereby undermining Lebanon’s democratic processes to the detriment of the Lebanese people.

The the U.S. Department of the Treasury issued the following statement today

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Lebanese brothers — Raymond Zina Rahme and Teddy Zina Rahme — who used their wealth, power, and influence to engage in corrupt practices that contribute to the breakdown of the rule of law in Lebanon, thereby undermining Lebanon’s democratic processes to the detriment of the Lebanese people. At a time when the Lebanese people face significant economic distress, a dire energy crisis, and unprecedented political dysfunction, the Rahme brothers have used their business empire and political connections to enrich themselves at the expense of their