Lebanon: Swiss open money-laundering probe of Lebanon’s central bank

Swiss authorities have requested that Lebanon’s judiciary cooperate with a money-laundering investigation into the country’s central bank, in the latest blow of confidence to the insolvent financial institution and its crestfallen governor.

The probe centers on $400m in transfers allegedly tied to the bank’s governor of 27 years, Riad Salameh, his brother Raja, and Salameh’s advisor Marianne Al-Hoayek, a judicial source told Al Jazeera. Institutions in which the bank has a large stake – including Middle East Airlines and the Casino du Liban – are also under scrutiny, said the source.

Salameh issued a statement denying any wrongdoing and dismissing as “fabrications and fake news” reports of any transfers abroad on his behalf by himself, his brother or his adviser. He threatened legal action against anyone who publishes the information with the intention of harming his reputation.

The original full article can be found at arabnews.com

(Photo: Jamal Saidi/Reuters)

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