Swiss probe Lebanon’s central bank chief over alleged $300m embezzlement

Writecaliber ^ | 4-24-21 | Writecaliber

[dynachrome]

Switzerland’s attorney-general is investigating allegations that Lebanon’s central bank governor and his brother embezzled more than $300m from that institution through transactions to a mysterious offshore company. “Since April 2002 at least, it appears the central bank governor, Riad Salame, with help from his brother, Raja Salame, organised embezzlement operations, . . . exceeding $300m to the detriment of the Banque du Liban [BdL],” the Swiss attorney-general’s office wrote in a letter to the Lebanese authorities requesting mutual legal assistance

[dynachrome]

The surprise is that they had 300 million to embezzle. And since 2002.

[Wuli]

The surprise is that such things are not revealed more often when it comes to Lebanon, as far as corruption and shady financial activity. Lebanon is famous for it.

[Trumpet 1]

The Swiss are supposed to know better.