Lebanon has charged its former central bank governor with the embezzlement of $42 million, following his detention and interrogation over alleged financial crimes. The 73-year-old ex-governor, who served for 30 years, has been accused of various financial wrongdoings, including corruption and illicit enrichment.
Riad Salameh, the embattled former central bank governor, has denied all allegations against him, claiming that his wealth stems from inherited properties and legitimate investments. However, authorities have raised concerns about his involvement in manipulating financial statements and diverting funds from the central bank to personal accounts.
Salameh's case has attracted international attention, with several European countries, including France, Germany, and Luxembourg, investigating him and his associates for alleged money laundering and illicit enrichment totaling $330 million. The United States, the United Kingdom, and Canada have also imposed sanctions on Salameh and his close circle.
Despite facing multiple legal challenges, Lebanon has not appointed a new central bank governor since Salameh's departure. The country, already grappling with a severe financial crisis and political instability, continues to operate under a caretaker government with limited powers.
Salameh's legal troubles highlight the deep-rooted issues within Lebanon's financial system and the challenges it faces in restoring economic stability and combating corruption. The ongoing investigations serve as a stark reminder of the importance of accountability and transparency in governance, particularly in times of crisis.
