A branch of Bankmed in Sin al-Fil. (Credit: Philippe Hage Boutros/L'Orient-Le Jour archive photo)
Another bank is at the center of a legal case in Lebanon. A depositor, M.R., is alleged to have been a victim of theft within Bankmed. The suspect? The director of the Fosh Street branch, S.S., currently at large and suspected of taking several million dollars that the client had deposited.Holder of several accounts in foreign currencies (real dollars and Lebanese dollars, known as "lollars"), M.R. discovered about a month ago that all the funds he had deposited in his bank had disappeared. It was upon hearing rumors of theft at the Fosh branch that he contacted another branch to check his balances, learning they had been reduced to nothing, a judicial source told L’Orient-Le Jour.The depositor immediately filed a complaint with the Court of Cassation against S.S., who has close family ties to a former minister and former MP...
Another bank is at the center of a legal case in Lebanon. A depositor, M.R., is alleged to have been a victim of theft within Bankmed. The suspect? The director of the Fosh Street branch, S.S., currently at large and suspected of taking several million dollars that the client had deposited.Holder of several accounts in foreign currencies (real dollars and Lebanese dollars, known as "lollars"), M.R. discovered about a month ago that all the funds he had deposited in his bank had disappeared. It was upon hearing rumors of theft at the Fosh branch that he contacted another branch to check his balances, learning they had been reduced to nothing, a judicial source told L’Orient-Le Jour.The depositor immediately filed a complaint with the Court of Cassation against S.S., who has close family ties to a former minister and former...