Seen as a key culprit in the country's dramatic economic crash, former governor Riad Salameh's bank accounts were ordered to be frozen by Lebanon days after the the US, the UK and Canada slapped him with sanctions. The central bank has ordered the lifting of banking secrecy and the freezing...

BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior officials at the crisis-hit country's top financial body told AFP on Thursday. The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the...

A former assistant of Riad Salameh, the governor of Lebanon's central bank, has been charged with money laundering by France. Last year, France, Germany and Luxembourg seized assets worth $130mn in a move linked to a probe into Salameh's wealth. He is accused of having amassed a fortune during his...

The delegation will meet a local judge and might seek to question individuals over the wealth of Salameh and his entourage as other European countries have done, the official added.

Lebanon has received an Interpol red notice requesting the arrest of central bank governor Riad Salameh after a French magistrate issued a warrant this week, a judicial official said. Salameh, 72, has been the target of a series of judicial investigations both at home and abroad on allegations including fraud,...

In March 2022, France, Germany and Luxembourg seized assets worth 120 million euros ($130 million) in a move linked to a French probe into Riad Salameh's wealth. This year, European investigators have questioned Salameh in Beirut, also hearing from a Lebanese minister, Salameh's brother Raja, and central bank audit firms.

Under investigation both at home and abroad on suspicion of fraud, money laundering and illicit enrichment, Riad Salameh has been summoned for a hearing in Paris next month. He is part of a political class widely blamed for the country's economic crisis that the World Bank says is of a...

Salameh had been summoned to appear on Wednesday but failed to show up, alleging that "the presence of international judges in Lebanon and the investigation into the financial matters is in conflict with national sovereignty". The judiciary rejected his claim and the session was rescheduled for Thursday.

Salameh had been summoned to appear at Beirut's justice palace on Wednesday morning but objected to the session and instead sent a legal representative, the judicial official told AFP on condition of anonymity as they are not authorized to speak to the media.

Officially pegged at 15,000 to the dollar, the pound was trading at 100,000 against the greenback, dealers said -- a dizzying plunge from 1,507 before the economic crisis hit in 2019. The currency's market value was at around 60,000 to the dollar in late January.

Lebanon opened its probe following a request for assistance from Switzerland's public prosecutor probing more than $300 million in fund movements by Riad Salameh and his brother. Last month, Swiss media reported that 12 banks in the European country had received a large part of the money Salameh is alleged...

Lebanese central bank chief Riad Salameh is accused of embezzling millions of dollars. He faces faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon and abroad after he amassed a fortune in the country mired in financial crisis.

Riad Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home and abroad

Continuing with their probe into Lebanon's money laundering and embezzlement, investigators from Europe will question Lebanon's central bank chief Riad Salameh next month as part of a probe into his and his brother's affairs, according to a judicial official. Both Salameh and his brother Raja deny any wrongdoing.

European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth, a judicial official said. The long-serving central bank chief is among top officials widely blamed for Lebanon's unprecedented economic crisis, dubbed one of the worst globally in recent modern history...

A team of investigators from Europe will visit Lebanon next month to probe into the wealth of central bank governor Riad Salameh blamed widely for the country's unprecedented crisis. The long-serving chief is among top officials held responsible for the crisis dubbed as one of the worst in modern global...

Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The claims seemed to be in line with exclusive reporting from TRENDS in December that said around $7 billion was missing from BDL’s books.

A Lebanese judge Monday charged central bank chief Riad Salameh with "illicit enrichment" and money laundering after he failed to attend a court hearing for the fifth time, a judicial source told AFP. Judge Ghada Aoun also charged Salameh's brother Raja with "facilitating money laundering" after he was arrested last...

A Lebanese judge on Thursday arrested the brother of Central Bank governor Riad Salameh, both of whom are suspected of embezzlement and money laundering, judicial sources said. Judge Ghada Aoun arrested Raja Salameh "after questioning him for three hours", a court official told AFP on condition of anonymity. Riad Salameh...

A Lebanese judicial delegation will meet French authorities in Paris next week to discuss investigations into Lebanon's central bank governor Riad Salameh, a judicial source said on Thursday. Salameh is among the top Lebanese officials widely blamed for the country's unprecedented financial crisis that the World Bank says is of...

Riad Salameh is among the top Lebanese officials blamed for a financial crisis that the World Bank says is of a scale usually associated with wars.

A Swiss newspaper claimed Riad Salameh struck out 14 pages of a 2016 IMF report that warned of economic crisis in Lebanon.

While most wages in Lebanon have remained unchanged, the value of the Lebanese pound has gone down more than 90 percent since end-2019. As a result, the salary of a Lebanese soldier, in global terms, has gone down to $90 from $850 earlier.

Lebanon's outgoing finance minister Ghazi Wazni has told reporters that auditing firm Alvarez & Marsal would be signed on within days to conduct the audit into Banque du Liban, which is currently headed by its governor Riad Salameh.

Lebanon's central bank governor has vowed not to reverse his decision to stop subsidising fuel imports, unless parliament votes to force the monetary authority to raid its compulsory foreign reserves. The country is gripped by one of the worst economic crises since the 1850s and is struggling with shortages of...

In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for fuel, amid its shortage.

Lebanon will begin parliamentary consultations to designate a new prime minister and Cabinet from July 26

French anti-corruption judges are probing money-laundering charges against Lebanon's central bank chief Riad Salameh

The Lebanese pound has lost around 90% of what it was worth in late 2019 Matters made worse by the August 4 Beirut Port explosion last year Lebanon’s currency reached new lows on Sunday, June 12, trading at around 15,150 to the dollar, said local reports. With this, the Lebanese...

Findings could shed light onto the origins of the 70-year-old former Merrill Lynch banker's wealth