The Governor of the Banque du Liban, Karim Souhaid, at the press conference held at the institution’s headquarters on January 8, 2025. Photo Mohammad Yassine/L’Orient-Le Jour
As attention remains focused on the draft law addressing the financial gap and the return of deposits, Banque Du Liban (BDL, central bank) announced on Thursday that it was joining judicial proceedings in several cases involving the alleged embezzlement of its funds in recent years.The cases include those linked to Forry Associates, in which former central bank governor Riad Salameh faces prosecution in Lebanon and abroad. Need the context? Hearings for Riad Salameh could resume in the Forry case BDL Governor Karim Souhaid detailed the legal action and other administrative steps during a news conference at the central bank’s headquarters in Beirut. He said the measures aim to recover funds that individuals, whether from within the central bank or outside it, used or transferred illegally.Asked about the timing of the legal action,...
As attention remains focused on the draft law addressing the financial gap and the return of deposits, Banque Du Liban (BDL, central bank) announced on Thursday that it was joining judicial proceedings in several cases involving the alleged embezzlement of its funds in recent years.The cases include those linked to Forry Associates, in which former central bank governor Riad Salameh faces prosecution in Lebanon and abroad. Need the context? Hearings for Riad Salameh could resume in the Forry case BDL Governor Karim Souhaid detailed the legal action and other administrative steps during a news conference at the central bank’s headquarters in Beirut. He said the measures aim to recover funds that individuals, whether from within the central bank or outside it, used or transferred illegally.Asked about the timing of the legal...
