According to Lebanese Deputy Prime Minister Saadeh al-Shami, Lebanon’s state and central bank have both been bankrupted. When asked by a news channel if the state had gone bankrupt like the Banque
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On Monday, Mount Lebanon District Court Investigative Judge Ghada Aoun announced that she had indicted Lebanese central bank governor Riad Salameh and his brother Raja Salameh, who was arrested last week. Following
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Raja Salameh, the brother of Lebanon’s central bank governor, was arrested on Thursday following interrogation at a courthouse east of Beirut, ratcheting up the pressure on Riad Salameh, who is currently facing
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“The financial criminal audit of the Lebanese central bank, the Banque du Liban, should obtain practical outcomes while keeping clear of personal interests,” said Lebanese President Michel Aoun. Lebanon’s citizens have the
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Judge Ghada Aoun, Lebanon’s state prosecutor, extended indefinitely a subpoena issued earlier this month for Banque du Liban Governor Riad Salameh following his failure to attend at a hearing. Salameh has been
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To bolster the value of the Lebanese pound, Lebanon’s central bank said on Friday that it will relax limits on dollar purchases. The currency had just set a record low, igniting new
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Despite allegations that the business was about to withdraw owing to a lack of cooperation, Lebanon’s central bank has announced that it will comply with all data demands from the consulting company
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Only days after Luxembourg announced it had begun a “criminal investigation” into his financial dealings, an audit commissioned by the president of Lebanon’s central bank has cleared him of any wrongdoing. Riad
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