Lebanon

2023 - 3 - 17

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Image courtesy of "Reuters"

Head of Lebanon's central bank denies public funds went to ... (Reuters)

Lebanon's central bank governor on Friday told European officials that public funds were not transferred to a company owned by his brother and said no money ...

Last year, prosecutors in Germany said Salameh was a suspect in a case that led to the freezing of some 120 million euros($132 million) of A senior judicial source told Reuters investigators asked Salameh on Friday about the central bank's links to Forry, his assets abroad, the source of his wealth and transfers he made to associates and relatives. Salameh's statement also said his personal account at the central bank was "not linked" to accounts where deposits were being made and that "no money from the central bank was transferred into my account". In a later statement, he said that at the session he had reiterated evidence and documents submitted to the judiciary in Lebanon and abroad, and offered a detailed explanation of them. Register for free to Reuters and know the full story BEIRUT, March 17 (Reuters) - Lebanon's central bank governor on Friday told European officials that public funds were not transferred to a company owned by his brother and said no money from the bank entered his own personal account.

European team ends questioning of Lebanon Central Bank chief (ABC News)

Lebanese judicial officials say that a European legal team has wrapped up two days of questioning of the country's Central Bank chief in a money-laundering ...

The economic meltdown that began in late 2019 is rooted in decades of corruption and mismanagement by the country’s political class. Lebanon is grappling with the worst economic and financial crisis in its modern history. In late February, Beirut’s public prosecutor, Raja Hamoush, charged the same three suspects with corruption, including embezzling public funds, forgery, illicit enrichment, money-laundering and violation of tax laws.

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Image courtesy of "FRANCE 24"

Lebanon banking chief maintains innocence in European ... (FRANCE 24)

Lebanese central bank governor Riad Salameh maintained his innocence Friday following a second and final day of questioning in Beirut before European ...

Salameh "answered all the questions" and "pledged to provide all the documents tracing the sources of his wealth" as well as the addresses of people mentioned in the questioning sessions, a judicial official told AFP. For procedural reasons, the European investigators submitted their questions to a Lebanese judge, who was then responsible for putting them to Salameh in their presence, a judicial source previously told AFP. "Funds from the Lebanese central bank were not transferred to my account," he said in a statement, adding: "The transfers I made abroad, whatever the amount, were from my personal account."

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Image courtesy of "Al Arabiya English"

Lebanon's Riad Salameh in court for second hearing with European ... (Al Arabiya English)

Lebanon's central bank governor Riad Salameh arrived at court on Friday for a second hearing with European investigators looking into whether he embezzled.

[Middle East](/News/middle-east) European officials have yet to charge them. [Support for Lebanon central bank governor frays: Sources](https://english.alarabiya.net/News/middle-east/2023/03/14/Support-for-Lebanon-central-bank-governor-frays-Sources) [AlArabiya](/) [Lebanon crisis](/tools/kickers?kicker=Lebanon crisis)

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Image courtesy of "The National Interest Online"

What is Next for Lebanon's Abbas Ibrahim? (The National Interest Online)

Lebanon's powerful commander of General Security formally ended as he reached retirement age. Is elected office next?

For a figure with as much popularity as the former GSO director, both amongst political elites and the people, to not see his term extended is another marked institutional failure in a long line of shortcomings for the Lebanese government. [brutal treatment](https://www.amnesty.org/en/latest/press-release/2021/03/lebanon-torture-of-syrian-refugees-arbitrarily-detained-on-counter-terror-charges/) of Syrians offers enough to reject Ibrahim as an official. [reports](https://english.aawsat.com/home/article/4188386/lebanon-major-general-abbas-ibrahim-bids-farewell-general-security-eyes-foreign) have highlighted the foreign ministry as a natural landing spot for the adept general, given his strong cross-cutting relationships. Such a move would explain the group’s public admission of failure to renew Ibrahim’s term—an uncommon sentiment rarely expressed by Hezbollah—as it would suggest they possibly received something in return for the retirement. It is no secret that Berri is likely nearing the final years of his political career at eighty-five years of age. The foreign ministry is typically held by a Christian, and is a highly demanded ministry alongside others such as the ministries of finance and the interior. While Amal is the natural and historic go-to partner for Hezbollah as the other major Shi’ite party in Lebanon, Berri is regularly crowded out by Ibrahim as Hezbollah’s preferred There is currently a substantial divide between two establishment camps—one led by the right-wing, Christian Lebanese Forces (LF) and once led by the Iran-backed Lebanese Hezbollah—that has ultimately produced no qualified majority vote (two-thirds of parliament, or 86 of 128 votes) for a candidate. Namely, this falls to the head of the Shi’ite Amal Party and Parliamentary Speaker Nabih Berri, who is reported to have To be sure, however, Ibrahim’s forced retirement is not strictly a coincidental result of adjacent parliamentary politics and Hezbollah expending far too much political capital on other issues. This has mainly included MPs from Christian parties—interestingly including the Free Patriotic Movement (FPM), a Hezbollah ally. This proved even more difficult given the state of deadlock in the parliament because of disagreements over Lebanon’s next president.

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Image courtesy of "Al-Monitor"

Lebanon central bank chief denies financial misconduct (Al-Monitor)

Lebanese central bank governor Riad Salameh maintained his innocence Friday following a second day of questioning before European investigators in Beirut as ...

During this week's sessions, Salameh was also questioned about "the huge funds and real estate he owns in Lebanon and abroad," the official said. "Funds from the Lebanese central bank were not transferred to my account," he said in a statement, adding: "The transfers I made abroad, whatever the amount, were from my personal account." Lebanese central bank governor Riad Salameh maintained his innocence Friday following a second and final day of questioning in Beirut before European investigators in a probe into his personal wealth.

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Image courtesy of "Times of India"

Sports bringing communities together in Lebanon (Times of India)

Tejas R has always used sport to make a difference. And it was no different in the war-torn Arab country that desperately needed the healing power of sports.

“Thanks to the internet, we have a different perception of the Arab world. They understand the importance of education and empowering the next generation,” says Tejas, who is now in Meghalaya.Working with circus artistes “The skate park is in a vulnerable hotspot of Beirut – right in the centre of all the communities.

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