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FORENSIC AUDIT

Aoun criticizes BDL for delays in handing over forensic audit data

Aoun criticizes BDL for delays in handing over forensic audit data

President Aoun (L) meets with National Defense Minister Maurice Slim in Baabda Monday to discuss social assistance grants for soldiers on Jan. 31, 2022. (Credit: NNA)

BEIRUT – The presidency took aim at Banque Du Liban in a statement Monday over delays in handing over data for the long-awaited forensic audit, saying it hoped the Central Bank “doesn’t have anything to hide in its accounts.”

Here’s what we know:

    • Aoun said he had previously warned against deliberate procrastination from the Central Bank in delivering the required information for the forensic audit by firm Alvarez & Marsal.

    • The forensic audit was approved by the Council of Ministers in a session held in July 2020. In addition, obstacles to this process were removed by a law approved by Parliament to lift secrecy on all BDL accounts, the statement added.

    • The president also met National Defense Minister Maurice Slim Monday at Baabda Palace, who briefed him on efforts to grant retired and current soldiers social assistance.

    • The cabinet had previously approved a transfer allowance for the military, based on the proposal of Slim, at a monthly value of LL1.2 million for all military personnel in active service in all military apparatuses.​

BEIRUT – The presidency took aim at Banque Du Liban in a statement Monday over delays in handing over data for the long-awaited forensic audit, saying it hoped the Central Bank “doesn’t have anything to hide in its accounts.” Here’s what we know:    • Aoun said he had previously warned against deliberate procrastination from the Central Bank in delivering the required information for the forensic audit by firm Alvarez & Marsal.    • The forensic audit was approved by the Council of Ministers in a session held in July 2020. In addition, obstacles to this process were removed by a law approved by Parliament to lift secrecy on all BDL accounts, the statement added.    • The president also met National Defense Minister Maurice Slim Monday at Baabda Palace, who briefed him on efforts to grant...