News
Latest News
news bulletin
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Other News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Beirut
17
o
Mount Lebanon
16
o
Metn
18
o
Keserwan
18
o
North
19
o
South
17
o
Bekaa
11
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Ward Jouri
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
17
o
Mount Lebanon
16
o
Metn
18
o
Keserwan
18
o
North
19
o
South
17
o
Bekaa
11
o
News
Programs
The News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Programs
Series
Talk Show
News Bulletin
Oldies
Variety
Comedy
Other
Sports
Documentaries
The Untold History
New Year Shows
Lebanon’s Centennial
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Lebanon central bank head denies public funds went to firm owned by his brother
Lebanon News
2023-03-17 | 10:05
High views
Share
Share
3
min
Lebanon central bank head denies public funds went to firm owned by his brother
Lebanon's central bank governor on Friday told European officials that public funds were not transferred to a company owned by his brother and said no money from the institution entered his own personal account.
Salameh, 72, is being investigated alongside his brother Raja in Lebanon and in at least five European countries over accusations of stealing hundreds of millions of dollars over more than a decade and laundering some of the proceeds abroad.
The brothers deny wrongdoing. Salameh says the accusations are part of an attempt to scapegoat him for Lebanon's financial meltdown.
Lebanon has charged them in two cases but European officials have yet to announces charges.
Salameh was interrogated in hearings on Thursday and Friday by a Lebanese judge relaying nearly 200 questions submitted by French and German officials, a senior judicial source said.
He described Friday's hearing as "good" to Reuters.
In a later statement, he said that at the session he had reiterated evidence and documents submitted to the judiciary in Lebanon and abroad and offered a detailed explanation of them.
Those documents showed that "no money from the central bank" had entered the account of Forry Associates, a firm owned by his brother, the statement said.
European prosecutors suspect the central bank collected commissions as a fee from bond buyers and then transferred the funds to Forry.
Swiss authorities suspect the Salameh brothers may have illegally taken more than $300 million in this way from BDL, laundering some of the money in Switzerland, according to a letter sent by Swiss authorities to Lebanese authorities last year and seen by Reuters.
Salameh's statement on Friday also said his personal account at the central bank was "not linked" to accounts at the institution where deposits were being made and that "no money from the central bank was transferred into my account".
Salameh for decades enjoyed strong backing from Lebanese elites as he financed a state rife with corruption and enforced policies that earned commercial banks massive profits.
But he has faced increased scrutiny since a 2019 financial crisis resulting from decades of profligate spending, corruption and unsustainable policies by Lebanon's leaders.
As the Lebanese and European probes converge, some of his long-time allies have moved to distance themselves from him, according to political sources who declined to be identified.
His latest six-year term ends in July and he says he is not interested in staying on - bringing an end to a 30-year tenure that saw him work hand-in-glove with Lebanon's political elite.
No clear successor has emerged, raising the possibility that the central bank's vice governor could take over.
Reuters
Lebanon News
Lebanon Economy
Lebanon
Economy
Governor
Riad Salameh
Brother
Central Bank
Head
Brother
Deny
Public Funds
Embezzlement
European Officials
Next
Solar Fund to benefit at least 25 companies with solar power systems: US Ambassador
Wronecka calls for sustainable solutions to be dependent on Lebanese leaders
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2023-02-23
Lebanon central bank governor faces new fraud, embezzlement charges
Lebanon Economy
2023-02-23
Lebanon central bank governor faces new fraud, embezzlement charges
0
Lebanon News
2023-03-17
Lebanon cbank head arrives in court for second hearing with European officials
Lebanon News
2023-03-17
Lebanon cbank head arrives in court for second hearing with European officials
0
News Bulletin Reports
2023-03-16
Lebanon's Central Bank Governor faces European delegation in Beirut
News Bulletin Reports
2023-03-16
Lebanon's Central Bank Governor faces European delegation in Beirut
0
News Bulletin Reports
2023-03-15
Governor of Lebanon's Central Bank submits clarifying memo regarding his absence from court session
News Bulletin Reports
2023-03-15
Governor of Lebanon's Central Bank submits clarifying memo regarding his absence from court session
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:02
Lebanese electricity bills to be issued monthly starting March
News Bulletin Reports
12:02
Lebanese electricity bills to be issued monthly starting March
0
News Bulletin Reports
11:29
US Treasury Department imposes sanctions on suspected drug traffickers in Syria, Lebanon
News Bulletin Reports
11:29
US Treasury Department imposes sanctions on suspected drug traffickers in Syria, Lebanon
0
News Bulletin Reports
11:13
Exchange rate roulette: Public sector employees anxiously await payment rates
News Bulletin Reports
11:13
Exchange rate roulette: Public sector employees anxiously await payment rates
0
Lebanon News
10:51
Bouchikian, Al-Sabbah sign MOU to support Lebanon's drama production
Lebanon News
10:51
Bouchikian, Al-Sabbah sign MOU to support Lebanon's drama production
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
09:13
Healthcare insurance chaos: Patients still paying out-of-pocket despite full coverage
Lebanon News
09:13
Healthcare insurance chaos: Patients still paying out-of-pocket despite full coverage
0
World
2023-03-25
Germany reaches deal with EU on future use of combustion engines
World
2023-03-25
Germany reaches deal with EU on future use of combustion engines
0
World
2023-03-23
Emotional Australian PM advances Indigenous referendum
World
2023-03-23
Emotional Australian PM advances Indigenous referendum
0
Lebanon Economy
05:51
Exacerbating inflation increases Lebanon's food security risks: report
Lebanon Economy
05:51
Exacerbating inflation increases Lebanon's food security risks: report
Videos
d-none hideMe
0
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
0
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
0
Lebanon News
2023-01-25
Beirut blast investigations: The latest
Lebanon News
2023-01-25
Beirut blast investigations: The latest
0
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
0
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
0
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
0
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
0
Lebanon News
2022-12-07
Bassil sparks debate on long-awaited decentralization reform
Lebanon News
2022-12-07
Bassil sparks debate on long-awaited decentralization reform
0
Lebanon Economy
2022-12-07
Israel has recruited hundreds of spies, making use of Lebanon's collapse
Lebanon Economy
2022-12-07
Israel has recruited hundreds of spies, making use of Lebanon's collapse
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:49
Apple timezone update further confuses Lebanese; users advised not to update
Lebanon News
03:49
Apple timezone update further confuses Lebanese; users advised not to update
2
News Bulletin Reports
12:02
Lebanese electricity bills to be issued monthly starting March
News Bulletin Reports
12:02
Lebanese electricity bills to be issued monthly starting March
3
Press Highlights
03:55
Deputy Prime Minister al-Shami discusses IMF agreement
Press Highlights
03:55
Deputy Prime Minister al-Shami discusses IMF agreement
4
Lebanon News
08:19
US, UK designate Lebanese Noah Zaitar, Hassan Daqqou for trafficking Captagon, supporting Syrian regime and Hezbollah
Lebanon News
08:19
US, UK designate Lebanese Noah Zaitar, Hassan Daqqou for trafficking Captagon, supporting Syrian regime and Hezbollah
5
News Bulletin Reports
10:12
Lebanese citizens face dollar dilemma at gas stations
News Bulletin Reports
10:12
Lebanese citizens face dollar dilemma at gas stations
6
News Bulletin Reports
11:13
Exchange rate roulette: Public sector employees anxiously await payment rates
News Bulletin Reports
11:13
Exchange rate roulette: Public sector employees anxiously await payment rates
7
News Bulletin Reports
09:54
Lebanon expects 350,000 people to arrive in April for the holidays
News Bulletin Reports
09:54
Lebanon expects 350,000 people to arrive in April for the holidays
8
Lebanon Economy
05:51
Exacerbating inflation increases Lebanon's food security risks: report
Lebanon Economy
05:51
Exacerbating inflation increases Lebanon's food security risks: report
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store