News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
31
o
Mount Lebanon
34
o
Metn
32
o
Keserwan
32
o
North
33
o
South
36
o
Bekaa
32
o
Live
Video
Audio
Schedule
shows
العربية
watching now
2:30pm news
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
31
o
Mount Lebanon
34
o
Metn
32
o
Keserwan
32
o
North
33
o
South
36
o
Bekaa
32
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
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
Investigations into Riad Salameh's European assets
News Bulletin Reports
2023-03-19 | 14:09
High views
Share
Share
3
min
Investigations into Riad Salameh's European assets
In a report titled "Lebanon...Powered by Salameh's network," the French newspaper Le Monde published an investigation into the Governor of Lebanon's central bank, Riad Salameh. The article shows the Governor's foreign assets, from luxurious real estate properties in Paris to Swiss bank accounts and investment companies in Luxembourg.
Le Monde mentioned Salameh's "opaque network," saying it helped him amass a fortune worth hundreds of millions of euros in Europe. This network is suspected of transferring tens of millions of euros from Lebanon's central bank to Europe for money laundering.
However, according to Le Monde, one of the key pieces of evidence is a 2002 contract between Lebanon's central bank and a company called Forry Associates, registered in the British Virgin Islands and owned by the Governor's brother Raja Salameh.
Under this contract, banks and financial institutions paid commissions to Forry Associates each time they bought or sold bonds or securities to Banque du Liban.
Therefore, according to the UAE's The National newspaper, Forry Associates raised suspicions among European judges, especially since the Lebanese investigation did not find any evidence of the company's existence or a list of its clients.
According to Swiss authorities, Le Monde presented figures indicating that around $330 million was transferred from BDL to Forry's account at HSBC Bank in Switzerland between 2002 and 2015. Of this amount, $250 million was reportedly transferred to Raja Salameh's personal account at HSBC Bank in Switzerland, with millions more deposited in other Swiss accounts.
Swiss investigation also found that $40 million was transferred from Forry's and Raja Salameh's accounts to Riad Salameh's accounts.
Le Monde also claims that Raja Salameh held over $207 million from commissions in five Lebanese banks, including BankMed, Bank Audi, Bank Egypt & Lebanon, Credit Libanais, and Saradar Bank. European judges obtained statements from these accounts during a visit to Lebanon in December 2022.
However, Salameh denied allegations of embezzlement related to funds in his possession, claiming that the funds were commissions paid by bond buyers and not from BDL.
He has also stated that his wealth results from legal investments made from assets he owned before becoming Governor in 1993.
Despite the ongoing legal proceedings, $330 million is nothing compared to losses suffered in the Lebanese financial sector, which amounts to over $70 billion.
Moreover, many leaders and officials are undoubtedly involved.
So, will Lebanon witness a new phase of name revelation through anti-corruption efforts, which was one of the main reasons for the collapse in Lebanon?
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
BDL
Bank
European
Judges
Next
The Iranian Response: Awaiting Retaliation Amidst Escalating Tensions
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
0
News Bulletin Reports
12:30
Securing Lebanon: Opposition Summit Calls for Government Action on International Resolutions
News Bulletin Reports
12:30
Securing Lebanon: Opposition Summit Calls for Government Action on International Resolutions
0
News Bulletin Reports
12:27
Border Escalation: Rockets, Drones, and Political Turmoil
News Bulletin Reports
12:27
Border Escalation: Rockets, Drones, and Political Turmoil
0
News Bulletin Reports
12:25
Lebanon's Dilemma: Addressing the Syrian Refugee Crisis with National Security Concerns
News Bulletin Reports
12:25
Lebanon's Dilemma: Addressing the Syrian Refugee Crisis with National Security Concerns
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-04-16
Abi Ramia to LBCI: Presence of displaced Syrians should be regulated, partisan dualities do not build nations
Lebanon News
2024-04-16
Abi Ramia to LBCI: Presence of displaced Syrians should be regulated, partisan dualities do not build nations
0
Middle East News
03:29
UAE reports illness linked to contaminated water after floods
Middle East News
03:29
UAE reports illness linked to contaminated water after floods
0
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
0
World News
2024-04-16
Pentagon chief stresses Middle East stability during calls with counterparts
World News
2024-04-16
Pentagon chief stresses Middle East stability during calls with counterparts
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
02:55
Ethiopian Airlines plane lands in Beirut with 'Tel Aviv' marking: Civil Aviation Directorate
Lebanon News
02:55
Ethiopian Airlines plane lands in Beirut with 'Tel Aviv' marking: Civil Aviation Directorate
2
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
3
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
4
Lebanon News
08:59
Israeli army strikes 40 Hezbollah targets in southern Lebanon
Lebanon News
08:59
Israeli army strikes 40 Hezbollah targets in southern Lebanon
5
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
6
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
7
Lebanon News
03:12
Israeli drone strikes Douris plain in Baalbek: Driver injured
Lebanon News
03:12
Israeli drone strikes Douris plain in Baalbek: Driver injured
8
Lebanon News
05:17
Breaking: Lebanese Parliament approves one-year postponement for municipal and mukhtars elections
Lebanon News
05:17
Breaking: Lebanese Parliament approves one-year postponement for municipal and mukhtars elections
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More