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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanon Central Bank Chief’s Brother Skips European Fraud Probe Hearing

Lebanon's Central Bank Governor Riad Salameh speaks during an interview for Reuters Next conference, in Beirut, Lebanon November 23, 2021. (Reuters)

The brother of Lebanon's central bank governor did not attend a hearing in Beirut on Tuesday with European investigators probing whether the siblings embezzled and laundered hundreds of millions of dollars in public funds over more than a decade.

Governor Riad Salameh is being investigated alongside his brother Raja in Lebanon and in at least five European countries over allegedly taking more than $300 million from the central bank by collecting commissions as a fee from bond buyers then transferring the funds to Forry Associates, owned by Raja.

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