Former Lebanon Central Bank Governor Charged With Embezzling $42 Million

Published on September 4, 2024

The former governor of Lebanon’s central bank, Riad Salameh, has been charged with embezzling $42 million and will remain in custody until next week. Salameh, 73, was charged by the Public Prosecution Office on Wednesday, a day after he was detained following an interrogation on Monday by Lebanon’s top public prosecutor, Judge Jamal al-Hajjar. His case has been transferred to an investigating judge, who will decide whether to keep him in detention. Salameh has been charged with embezzlement, money laundering, and illicit enrichment. He denies all wrongdoing and says his wealth was accumulated from inherited properties, wise investments, and his previous income as an investment banker at Merrill Lynch....