The Latest Breaking News from Riad Salameh

Lebanese PM expects progress in talks with IMF over meltdown

Lebanon's prime minister says talks between his government and the International Monetary Fund over an economic recovery plan should make progress in the next two weeks

The Independent UK · Mar 26, 2022

Lebanon's Banks Threaten to Sue the State

A senior Lebanese official in the financial sector warned that the country was in a severe monetary crisis as a result of explicit duplicity in the state to dealing with the governance of the central bank and the banking system. The danger looms at a time when the talks with…

Asharq Al-Awsat · Mar 26, 2022

Lebanon: Brother of Central Bank Chief Kept in Custody

A Lebanese judge decided Thursday to keep the brother of the country’s embattled central bank governor in custody, a week after he was first arrested on corruption allegations, state media reported. The brothers — Governor Riad Salameh and Raja Salameh — have been charged with illegal enrichment and money laundering…

Asharq Al-Awsat · Mar 24, 2022

Lebanese Judge Charges Salameh with Illicit Enrichment

A Lebanese judge charged central bank governor Riad Salameh with illicit enrichment on Monday, the judge told Reuters, days after she ordered his brother Raja arrested in the same case. Judge Ghada Aoun said Riad Salameh, governor for nearly three decades, had not attended a hearing scheduled for Monday, and…

Asharq Al-Awsat · Mar 21, 2022

Lebanese judge charges central bank governor with illicit enrichment, judge says

A Lebanese judge charged central bank governor Riad Salameh with illicit enrichment on Monday, adding to the number of graft investigations he already faces.

Reuters · Mar 21, 2022

Lebanese Banks Plan Strike in Response to Judicial Orders

Lebanese banks plan a two-day strike next week in protest at judicial actions that targeted seven major lenders, a standoff that risks more instability for a country mired in crisis since 2019. The banking association said the strike was a warning against what it called "the arbitrariness of some judicial…

Asharq Al-Awsat · Mar 18, 2022

Lebanon PM says some judges stoking tension within country

Prime Minister Najib Mikati said on Friday that actions taken by some judges were heightening tensions in Lebanon, warning of potentially serious consequences for a country mired in a major financial collapse.

Reuters · Mar 18, 2022

Contracts Show Lebanon’s Central Bank Obscured Recipients of Commissions

For more than a decade, Lebanon's central bank charged commercial banks in the country commissions when they bought government securities without making clear that the bulk of those commissions went to a company controlled by the brother of the central bank's governor, according to documents seen by Reuters. Four contracts…

Asharq Al-Awsat · Feb 21, 2022

Lebanese Judge Sues Police Chief over Central Bank Governor

An investigative judge on Wednesday sued Lebanon’s police chief after accusing him of preventing security forces from bringing in for questioning the central bank governor, who is accused of corruption. The move by Judge Ghada Aoun came a day after she said that a police force prevented members of State…

Asharq Al-Awsat · Feb 17, 2022

Divisions in Lebanon over questioning of central bank chief

An investigative judge has suggested she may sue Lebanon’s police chief, accusing him of preventing a security force from bringing in for questioning the central bank governor, who is accused of corruption

The Independent UK · Feb 15, 2022