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Lebanon has indicted former central bank Governor Riad Salameh and a former commercial banker over accusations of financial crimes, including embezzlement and illicit enrichment.
A judge accused Salameh and Samir Hanna, the former head of Lebanon’s Bank Audi, of embezzling tens of millions in funds from the Banque du Liban or Lebanese central bank, the Reuters and AFP news agencies reported on Monday, citing judicial sources.
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Salameh, who headed the central bank for three decades, has already been indicted and arrested in Lebanon over other alleged financial crimes committed during his tenure. He has denied any wrongdoing, insisting he is being made a “scapegoat” for the country’s economic crisis.
This is the first time a commercial banker has been indicted in a financial crimes case related to Salameh, showing that Lebanese investigations into the former governor are expanding to the private sector, the source told Reuters.
The source added that the file includes accusations that Hanna bribed Salameh while he was central bank governor.
Salameh, 76, headed the central bank from 1993 to July 2023. He was placed in custody last month after missing a hearing over the case, but is currently under medical supervision at a government hospital outside Lebanon’s capital, Beirut.
Hanna, 88, paid a $1m bail and is not in custody as financial investigations continue, according to the reports.
In January, Lebanon’s current central bank governor Karim Souaid told reporters that the central bank had filed a criminal complaint against an unnamed former official of the central bank, a former banker and a lawyer over alleged illicit enrichment through misuse of public funds. He said the operations were carried out through four offshore shell companies in the Cayman Islands that he did not name.
Salameh was detained for about 13 months over alleged financial crimes committed during his tenure, but was released in September after paying a record bail of more than $14m.
He also faces investigations abroad, including in France, Switzerland and Germany.
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