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The Latest Breaking News from Riad Salameh

Lebanese elite bury blast probe, pushing fragile state closer to edge

In their move to bury an investigation into the Beirut port blast, Lebanon's ruling elite have driven another nail in the coffin of the collapsing state, stirring conflict in the judiciary as they try to avoid accountability at any cost.

Reuters

European Delegation Ends 1st Round of Questioning in Lebanon

A European legal team on Friday wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut, officials in Lebanon said. The questioning is part of a probe on money laundering linked to Lebanon’s Central Bank governor. Lebanon is grappling with the…

Asharq Al-Awsat

European delegation ends 1st round of questioning in Lebanon

Judicial officials say a European legal team has wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut

The Independent UK

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European Prosecutors Hear Lebanese Bankers in Central Bank Commission Probe

Lebanese bankers told European prosecutors they believed that commissions now at the center of a graft probe had been paid to the central bank, four sources said, while investigators suspect the cash illegally ended up with the governor's brother. Prosecutors from Germany, France and Luxembourg have been in Beirut as…

Asharq Al-Awsat

European prosecutors hear Lebanese bankers in central bank commission probe

Lebanese bankers told European prosecutors they believed that commissions now at the centre of a graft probe had been paid to the central bank, four sources said, while investigators suspect the cash illegally ended up with the governor's brother.

Reuters

Lebanese Pound Sinks to Record Low as Deadlock Persists

The Lebanese pound on Thursday hit a new record low of 50,000 pounds per US dollar, marking a loss in value of more than 95% since the country's financial system imploded in 2019. The pound was pegged to the dollar at a rate of 1,507 in 1993, a peg that…

Asharq Al-Awsat

Vacuum Threatens Vital State Positions in Lebanon

Institutional collapse in Lebanon is accelerating in a way that has left the country unable to manage the crises it has been facing for the past three years. Vacuum not only ails the Lebanese presidency or government, but it also threatens vital state positions. For example, the mandate of Central…

Asharq Al-Awsat

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Lebanese pound hits all-time low as deadlock persists

The value of the Lebanese pound has hit an all-time low, now trading at 50,000 to the U.S. dollar, as the country’s deeply-divided Parliament failed to elect a president for an 11th time

The Independent UK

Explainer-The probes into Lebanese central bank chief Salameh

European investigators are in Beirut quizzing witnesses as they probe suspected money laundering and embezzlement by Lebanese central bank governor Riad Salameh, who denies any wrongdoing and still enjoys support from powerful Lebanese factions.

Reuters

Lebanon Will Name New Prosecutor in Salameh Case Soon, Judge Says

Lebanon will soon appoint a new prosecutor in a stalled corruption probe into the central bank governor, a move that could delay responses to cooperation requests by European investigators conducting their own inquiry, a senior judge said. Ghassan Oueidat, Lebanon's top prosecutor, told Reuters on Tuesday the new prosecutor would…

Asharq Al-Awsat

Lebanon will name new prosecutor in Salameh case soon, judge says

Reuters

European legal team arriving in Lebanon in corruption probe

Lebanon's justice minister says a European judicial delegation from France, Germany, and Luxembourg has started to arrive in Lebanon to probe the country’s Central Bank governor and dozens of other individuals over suspected corruption

The Independent UK

European officials to begin Lebanon graft questioning next week

European investigators will arrive in Lebanon on Jan. 16 as part of a cross-border probe into alleged state fraud, Lebanon's caretaker justice minister said on Wednesday.

Reuters

European investigators to visit Lebanon in Salameh graft probe - sources

European investigators will visit Lebanon in January as part of a cross-border probe into alleged fraud by Lebanese central bank governor Riad Salameh to the detriment of the Lebanese state, three judicial sources said.

Reuters

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Asharq Al-Awsat

Europe Investigators to Visit Lebanon in Central Bank Chief Probe

European investigators will visit Lebanon next month as part of a probe into the wealth of central bank governor Riad Salameh, a judicial official said on Tuesday. The long-serving central bank chief, 72, is among top officials widely blamed for Lebanon's unprecedented economic crisis, dubbed one of the worst in…

Reuters

Lebanese actress questioned, detained in central bank graft probe

Lebanese actress Stephanie Saliba was detained on Friday after being questioned by investigators over a corruption case related to Lebanon's central bank governor, a judicial source told Reuters.

The Independent UK

Lebanese actress linked to Central Bank governor arrested

Lebanese judicial officials and the state-run National News Agency say an actress with links to the country’s Central Bank governor has been placed under arrest after showing up for questioning

Reuters

Lebanese prosecutor seeks to question actress in Salameh graft probe

A Lebanese prosecutor said on Thursday she had ordered security forces to bring in for questioning a Lebanese actress for whom central bank chief Riad Salameh was suspected of buying luxury property using ill-gotten gains.

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Asharq Al-Awsat

French Prosecutors Name Ukrainian Suspect in Lebanese Central Bank Probe

French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon's central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter,…

Reuters

French prosecutors name Ukrainian suspect in Lebanese central bank probe

(This story has been refiled to fix a typo in paragraph 11.)

Asharq Al-Awsat

Ukrainian Woman Accused of Helping Lebanon’s Central Bank Governor Fund Embezzlement

The French Judiciary indicted a Ukrainian woman, who was said to be close to the governor of Lebanon’s Central Bank, Riad Salameh, as part of its investigation into the latter’s wealth in France. AFP quoted a French judicial source as confirming that the charges against Ukrainian Anna Kozakova, 46, include…

Asharq Al-Awsat

Lebanon Central Bank to Use Forex Rate of 15,000 Pounds per Dollar as of Feb. 1

Lebanon's central bank will adopt an exchange rate of 15,000 Lebanese pounds per US dollar as of Feb. 1 as part of a process to unify the country's multiple exchange-rate system, Lebanese central bank governor Riad Salameh said on Monday. The central bank's official rate is currently set at 1,500…

Asharq Al-Awsat

Outgoing President Says Lebanon at Risk of ‘Constitutional Chaos’

Outgoing Lebanese President Michel Aoun told Reuters on Saturday his nation could be sliding into "constitutional chaos", with an unprecedented situation of having no one in line to succeed him and a cabinet that is operating in a caretaker capacity. Aoun is set to leave the presidential palace on Sunday,…

Asharq Al-Awsat

Lebanon Mulls Closing Down Several Diplomatic Missions

Since the beginning of 2022, Lebanon’s diplomatic missions abroad have not received their operating expenses, while ambassadors and employees are still waiting for the transfer of their accumulated salaries since May. The sharp decline of foreign currency reserves at the central bank (Banque du Liban) prompted Governor Riad Salameh to…

Asharq Al-Awsat

Lebanon’s President Urges Judges to Prosecute Central Bank Governor

Lebanese President Michel Aoun has called on the country’s judges to “rise up for their dignity and not to be afraid of the oppression of those in power.” He also urged the judiciary “to be completely liberated from any persuasion or intimidation,” specifically in the case of the prosecution of…

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