A Creditbank branch in Dikwaneh in 2021. (Credit: PHB/L'OLJ)
BEIRUT — Banque du Liban’s Special Investigation Commission (SIC) ordered the freezing of Creditbank shareholder Fadi Barbar’s Lebanese bank accounts and lifted banking secrecy over them, according to a July 14 decision reviewed by L’Orient Today.The decision extends to his wife, Chamma Hassan Sakr, Financial Profile Holding, the company registered in her name that holds a 20% stake in Creditbank, and their two children.The measure comes as judicial authorities continue investigating an alleged $310 million shortfall at Creditbank (in "lollars" at an exchange rate of LL 15,000 to the dollar. The case, ongoing since 2024, led to the arrests of Creditbank Chairman Tarek Khalifeh, his adviser Ralph Sayyad and former general manager Nayla Zaidan. All three were subsequently released on bail. They face allegations including money...
BEIRUT — Banque du Liban’s Special Investigation Commission (SIC) ordered the freezing of Creditbank shareholder Fadi Barbar’s Lebanese bank accounts and lifted banking secrecy over them, according to a July 14 decision reviewed by L’Orient Today.The decision extends to his wife, Chamma Hassan Sakr, Financial Profile Holding, the company registered in her name that holds a 20% stake in Creditbank, and their two children.The measure comes as judicial authorities continue investigating an alleged $310 million shortfall at Creditbank (in "lollars" at an exchange rate of LL 15,000 to the dollar. The case, ongoing since 2024, led to the arrests of Creditbank Chairman Tarek Khalifeh, his adviser Ralph Sayyad and former general manager Nayla Zaidan. All three were subsequently released on bail. They face allegations including...
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