Three judicial officials have told the Associated Press that Lebanon has charged its embattled former central bank governor with the embezzlement of $42 million. Riad Salameh was charged a day after he was detained following an interrogation by Lebanon’s top public prosecutor over several alleged financial crimes.
FILE - Riad Salameh , Lebanon ’s Central Bank governor, attends a news conference, in Beirut, on Nov. 11, 2019. Lebanon charged its embattled former central bank governor Wednesday with the embezzlement of $42 million, three judicial officials told The Associated Press. BEIRUT — Lebanon charged its embattled former central bank governor Wednesday with the embezzlement of $42 million, three judicial officials told The Associated Press.
He was appointed in 1993 and initially celebrated for his role in steering Lebanon’s economic recovery after a 15-year civil war, and for keeping the economy on an even keel during long spells of political gridlock and turmoil. Salameh has for years denied allegations of corruption, embezzlement and illicit enrichment. He insists that his wealth comes from inherited properties, investments and his previous job as an investment banker at Merrill Lynch.
The financial intelligence unit of the central bank presented bank statements and financial documents to the public prosecution, added the two officials, who spoke on condition of anonymity in line with regulations.France, Germany, and Luxembourg are also investigating Salameh and close associates Salameh has criticized the European investigation and said it was part of a media and political campaign make him a scapegoat.Lebanon has not appointed a new central bank governor, but a vice governor, Wassim Mansouri, has been named acting governor. The crisis-hit country has also been
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