European investigators to quiz Salameh next month

W300

European investigators will question Lebanon's central bank chief Riad Salameh next month as part of a probe into his and his brother's affairs, a judicial official told AFP.

Investigators from France, Germany and Luxembourg heard witnesses in Beirut this week as part of the case of suspected financial misconduct including possible money laundering and embezzlement.

Salameh and his brother Raja both deny any wrongdoing.

The central bank chief, in office for three decades, is widely blamed for monetary policies that contributed to an unprecedented economic crisis in Lebanon, but he has dismissed such criticism.

"The European judges will return next month to complete their investigations with 18 financial and banking figures... including Salameh and people close to him," said the official on condition of anonymity.

On Friday, the investigators heard former interior minister Raya El Hassan, who also chairs the board of directors of Lebanese lender Bankmed.

They had already heard evidence for more than eight hours Tuesday from Ahmad Jachi, a central bank vice governor from 2003 to 2008, as well as Marwan Kheireddine, who heads Al Mawarid Bank.

They also questioned former vice governor Saad Andary on Monday.

The bankers were asked about accounts held by Raja Salameh, as well as "money transfers to the brothers' accounts abroad," a judicial official told AFP earlier this week.

Investigators also examined the central bank's ties to Forry Associates Ltd, a British Virgin Islands-registered company that listed Raja Salameh as its beneficiary.

Forry is suspected of having brokered Lebanese treasury bonds and Eurobonds at a commission, which was then allegedly transferred to Raja Salameh's bank accounts abroad.

France, Germany and Luxembourg last March seized assets worth 120 million euros ($130 million) in a move linked to a probe by French investigators into 72-year-old Salameh's personal wealth.

Lebanon opened its own probe into Salameh's affairs last year, after the office of Switzerland's top prosecutor requested assistance with an investigation into more than $300 million allegedly embezzled from the central bank with the help of his brother.

Comments 5
Missing un520 10 days

He`ll probably be gone by then...

Thumb i.report 10 days

He isn’t going anywhere, the crooks have each other’s backs.

Thumb ___flamethrower___ 10 days

Best central bank chief, ever!

Thumb i.report 10 days

Best central bank thief, ever!

Thumb gebran_sons 8 days

He is a diversion of the main issues resulting in banking crisis and loss of depositors money. The real cause is who caused an exodus of western firms, who assassinated Hariri and soiled Beirut reputation, who caused Downtown Beirut bankruptcy, who caused billions in EDL deficits, who caused wars and isolated Lebanon, who made Lebanon a pariah state aligned with criminal Basij, who destroyed independence and sovereignty, who created political risks that resulted in sky-high interest rates that dried up investments, who had illegal crossings and responsible for $20 billion reserve loss since 2019;yes Hizbollah and its Useful Idiots are the sole culprit. Salameh maintaining currency for so long is a miracle! Wake up people we are under occupation!