Want to get the Morning Brief by email? Click here to sign up.Wednesday, Sept. 4, 2024Compiled by Abbas Mahfouz. Some key things to watch today:• Developments in BDL former governor Riad Salameh's arrest. BDL: Former central bank chief Riad Salameh under provisional arrestLebanon’s top prosecutor ordered the pre-trial detention of former Banque du Liban (BDL) governor Riad Salameh to pursue an investigation into his alleged embezzlement of more than $40 million from central bank coffers. The arrest came after Court of Cassation acting-General Prosecutor Jamal Hajjar held a three-hour hearing with Salameh investigating potential misdealings between the central bank and Lebanese brokerage firm Optimum Invest. Key context: Salameh ended his once-lauded 30-year tenure as BDL governor last July facing local probes into his alleged...
Want to get the Morning Brief by email? Click here to sign up.Wednesday, Sept. 4, 2024Compiled by Abbas Mahfouz. Some key things to watch today:• Developments in BDL former governor Riad Salameh's arrest. BDL: Former central bank chief Riad Salameh under provisional arrestLebanon’s top prosecutor ordered the pre-trial detention of former Banque du Liban (BDL) governor Riad Salameh to pursue an investigation into his alleged embezzlement of more than $40 million from central bank coffers. The arrest came after Court of Cassation acting-General Prosecutor Jamal Hajjar held a three-hour hearing with Salameh investigating potential misdealings between the central bank and Lebanese brokerage firm Optimum Invest. Key context: Salameh ended his once-lauded 30-year tenure as BDL governor last July facing local probes into his...