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Riad Salameh

All articles tagged with #riad salameh

international-corruption3 years ago•5 min saved

International Coalition Imposes Sanctions on Former Lebanese Central Bank Governor and Co-conspirators for Corruption

The U.S. Treasury, in coordination with the United Kingdom and Canada, has imposed sanctions on Riad Salameh, the former governor of Lebanon's central bank, and four of his associates for their involvement in an international corruption scheme. Salameh is accused of using his position to enrich himself and his associates by funneling hundreds of millions of dollars through shell companies to invest in European real estate. The sanctions aim to combat corruption and support economic reforms in Lebanon.

via Treasury|

#corruption #international-corruption #lebanon

politics3 years ago•1 min saved

Lebanon's central bank chief faces arrest warrant in Germany.

Germany has issued an arrest warrant for Lebanon's Central Bank Governor, Riad Salameh, on charges of corruption, including forgery, money laundering, and embezzlement. Salameh is being investigated in Lebanon and at least five European countries for allegedly taking hundreds of millions of dollars from Lebanon's central bank to the detriment of the Lebanese state and laundering the funds abroad. This is the second foreign arrest warrant reported to be issued for Salameh within a week, after France issued a warrant for his arrest on May 16.

via Reuters|

#arrest-warrant #corruption #germany

politics3 years ago•1 min saved

Interpol issues red notice for Lebanon's central bank governor.

Lebanon has received an Interpol red notice for its central bank governor, Riad Salameh, after France issued its own arrest warrant for him as part of an investigation into whether he embezzled public funds. Salameh denies the accusation. Lebanon's caretaker interior minister said he would implement the notice if instructed to do so by the judiciary and believes it is "necessary" for Salameh to resign. This marks the first known warrant issued in connection with any of the five foreign investigations being carried out into the governor.

via Reuters|

#embezzlement #interpol #lebanon

politics3 years ago•2 min saved

French arrest warrant issued for Lebanon's central bank governor over corruption allegations.

French prosecutors have issued an arrest warrant for Lebanon's central bank governor, Riad Salameh, who failed to appear before them on Tuesday to be questioned on corruption charges. Salameh has been the target of a series of judicial investigations at home and abroad on allegations that include fraud, money laundering, and illicit enrichment. A European judicial team from France, Germany, and Luxembourg is conducting a corruption investigation into an array of financial crimes, including illicit enrichment and alleged laundering of $330m. Salameh has repeatedly denied all allegations against him.

via Al Jazeera English|

#arrest-warrant #corruption #european-investigation

politics3 years ago•2 min saved

Lebanon's Banking Chief to Skip Paris Hearing, Says Official.

Lebanon's central bank governor, Riad Salameh, is expected to miss a hearing in a French probe after Lebanese police failed to deliver a summons. Salameh has been the target of several judicial investigations both at home and abroad on allegations including fraud, money laundering, and illicit enrichment. European investigators looking into the fortune he has amassed during three decades in the job had scheduled a hearing in Paris for Tuesday. Salameh's lawyers accuse the European investigators of "violating Lebanon's sovereignty" and want them to "permanently suspend" their probe into the central bank's ties to Forry Associates Ltd.

via Barron's|

#french-probe #judicial-investigations #lebanon