Ezzedine, is suspected of depriving investors of hundreds of millions of dollars. He was handed over to Lebanese authorities last month by Hezbollah after declaring bankruptcy and has since been held in custody.
Ezzedine is suspected of creating a Ponzi scheme that promised investors returns of up to 40 percent a year. The case has drawn comparisons in Lebanon with that of Bernard Madoff. Madoff was sentenced for 150 years in prison.
Adham charged Ezzedine and Faour, with fraudulent embezzlement, issuing bad checks and violating the Lebanese monetary and loan laws.
Five others have also been charged with involvement in the case, but are on the run, the official said.
Ezzedine and Faour have been referred to an investigating magistrate for further investigation before a date is set for their trial.
Throughout the interrogation Ezzedine attempted to involve Hezbollah in the responsibility towards the investors. About 11000 investors , mostly Shiite Muslims have reportedly been involved in the scheme .
Key Hezbollah officials have reportedly been involved in Ezzedine’s financial scheme and one of the Hezbollah officials MP Hussein Hajj Hassan has reportedly filed a lawsuit against Ezzedine asking for the reimbursement of his $200, 000 investment.
The charges against Ezzedine coincided with the crises in Lebanon over the government formation . The Hezbollah-led opposition has reportedly made unreasonable demands which prompted PM designate Saad Hariri to quit the task of government formation.
Hariri will most probably be re-nominated as the PM designate . According to al Hayat newspaper Hariri could be re-nominated with as many as 86 votes ( out of 128 MPs). The consultations by the president with parliamentary bloc leaders to determine their choice for PM designate will take place on Tuesday and Wednesday
Hariri is expected to head to Paris today to review a French -Qatari initiative aimed at resolving the Lebanon crisis . Qatar last year hosted a gathering in Doha that led to the election of the president and the formation of a national unity government. Qatari PM has offered to host Doha II accord to help in the formation of a government
Monday
6:10 The Press Association : German Chancellor Angela Merkel and her challenger emerged from their only television debate two weeks before elections much as they entered it -- seeming more comfortable working together than fighting each other.
6: 00 Reuters: Osama bin Laden apparently issued a new audio message on an Islamist Web site on Monday, warning the American people about their government's close ties to Israel.
Sunday
10:23 pm Hariri : “Wining the parliament majority is a trust that we will protect” . He stressed that he stepped down because “there were some that did not want a government to be formed but instead wanted to waste the time of the Lebanese people”. If opposition truly wants a cabinet, we can form one in 48 hours!
10:10 pm AP: Israeli Prime Minister Benjamin Netanyahu, speaking on the eve of a key meeting with the White House Mideast envoy, said Sunday that differences remain with the U.S. over resuming peacemaking with the Palestinians.
10:00pm LAT : MP Walid Jumblatt : Washington refuses to give Lebanon any weapon that could harm Israel. "They will tell you these weapons will be used against Israelis," Jumblatt said. "OK, but my enemy is Israel." He added "We need anti-tank weapons and anti-aircraft weapons... I think we can find such weapons in Iran , Russia or China."
9:00 pm: Iran has dealt a blow to one of President Barack Obama's most ambitious diplomatic initiatives by dismissing demands to put its nuclear program at the heart of direct talks with the United States.
8:20pm Baroud's told OTV: perhaps I may have made a mistake somewhere, but I am very satisfied with what I did as if I am on the first day of my job at the ministry. He added; " My conscious is clear because I did the best I could "
08:10 pm MP Mohammad Qabbani : “General Aoun considers his son-in-law Gebran Bassil a genius , but I think he is nothing special “
8:06pm Pakradonina told "LBC": The Tashnaq still views MP Saad Hariri as the most appropriate and most likely to form a government
8:05pm Fatfat told "LBC": the opposition will name “vacuum” and “Lebanon first” will name its candidiate for PM designate
8:04pm Kanaan told "LBC": the situation is still the same and we were not offered any new proposals by anyone
7:43pm "Change and Reform Bloc"source told "Al-Manar": we will not name Hariri and we are discussing the possibility of naming someone else
7:42pm PSP sources told Al-Manar : Our Coalition is continuing with Hariri, with emphasis on forming a government of national unity
7:41pm Speaker Nabih Berri’s bloc to meet Monday to choose its candidate for PM-designate
7:32pm "Al-Manar": the same number of MPs , who named Hariri during the previous consultations will rename him tomorrow during the new consultations as the PM designate
7:22pm Netanyahu arrives in Cairo to hold talks with Mubarak
5:57pm MP Boutros Harb: Their fake national-unity cabinet slogan will not lead to uniting the Lebanese
3:15pm MP Walid Jumblatt: Utmost concessions must be made to form national-unity cabinet
2:25pm Iranian president Ahmadinejad: Iran ready for talks but not on nuclear issues
12:25pm Wiam Wahab told al-Manar TV: Hariri plunged Lebanon into an adventure and he will pay a price for that.
12:00pm Israeli PM Benjamin Netanyahu said Israel holds the Lebanese government responsible for rocket fire from its territory, following the latest attacks from southern Lebanon into the Jewish state.
11:00 Grand Ayatollah Sayyed Mohammed Hussein Fadlallah issued a religious fatwa, banning normalization of relations with Israel whatever the outcome of the actions of Arab political regimes.
11:28 Israeli Prime Minister Benjamin Netanyahu says Lebanese government responsible for rocket launch, warns that Israel will not respond lightly to such incidents
10:30 MP Dori Chamoun told VDL: I suggest the formation of a technocrat government that would give key ministries to four political leaders.
10:25 MP Ahmed Fatfat told Future News TV: Hezbollah wants the majority to succumb to Opposition demands or obstruct to the formation of a government. We totally reject this.
10:20 Maronite Patriarch Nasrallah Sfeir: Christian faith does not claim to be a political power, but rather recognizes the legitimate authority.
10;10 MP Marwan Hamadeh told Voice of Lebanon that the majority has agreed to nominate Future Movement leader MP Saad Hariri as the PM designate
8:43am Geagea told Voice of Free Lebanon: "The majority has unanimously agreed to re-renominate Hariri to form a government. Hariri was serious about the 15-10-5 Cabinet lineup. He worked until the last minute to find a solution to the government formation." He accused a “certain political party” of not wanting to form a government in Lebanon.
08:13 Jengenian told al Balad newspaper : the citizens should play their role, by putting pressure on forming a government
8:00 Reuters: Israeli war movie "Lebanon" about the 1982 war with Israel, won the Golden Lion for best picture at the Venice film festival on Saturday.
07:57 European diplomat: No one believes that the foreign source of obstruction ( of governmen
