Authorities in three European countries have frozen more than $130 million in assets linked to an investigation into money laundering in Lebanon, a European Union agency said Monday.
The measures taken by officials in France, Germany and Luxembourg come as Lebanon grapples with a devastating economic crisis and coincide with domestic and European investigations of its longtime central bank governor, Riad Salameh. The crisis, which started in October 2019, is rooted in decades of corruption and mismanagement and has continued with no serious steps by the country's political class to work for a solution.
