Frustrated Lebanese take up bank ‘heists’ to free their frozen savings as cash crisis worsens

Frustrated Lebanese take up bank ‘heists’ to free their frozen savings as cash crisis worsens

Gulf Today Report Depositors stormed five Lebanese banks to demand the release of their frozen savings in the banking system, in continuation of a series of incidents this week, amid frustration due to the worsening financial collapse with no end in sight. A security source said that a man with a pistol, which turned out to be a toy, was arrested, stormed a Lebanese bank in the southern city of Ghazieh, on Friday. BLOM Bank said in a statement that a gunman stormed the bank's branch in the New Road area in Beirut, on Friday morning, to demand his savings, adding that the situation was under control. Cheers in support of the man, identified as Abed Sobra, erupted from a large crowd outside the bank, a scene repeated in many of these incidents. One of the residents, Rabah Koçuk, said that Subara is a merchant and that he is liable to be imprisoned because there are creditors who demand money from him even though he has money in the bank. In a third incident, a gunman with a cartridge pistol entered a branch of the Bank of Lebanon and the Gulf in the Ramlet el-Bayda area in Beirut to recover