Lebanon’s central bank chief denies transferring money abroad from official accounts

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Lebanon’s central bank governor has denied that he transferred money from official accounts to personal accounts in Lichtenstein, claiming the allegations were part of a campaign against him and the central bank.

Central Bank Governor Riad Salameh . Salameh’s record is under attack unlike 2008 when he confidently talked up Lebanon’s success. Salameh’s credibility is now on the line after promising so many things and not being able to deliver. He became famous for what was described as financial engineering but now many think all he was doing was financial stealing

Governor Riad Salameh said Cristal Credit Groupe International, the company which produced the reports of transfers dating back to 2016, is “known to everyone” to produce forged reports. The company is based in Lyon, France and is managed by Kevin Rivaton, Lebanon’s official National News Agency reported yesterday.

Pictures of the reports of the transfers were posted on social media by an account named “@alebanonymous.” The report’s validity is yet to be verified.

“Compiling such a report came at the request of certain Lebanese authorities whose names and identities are known by the Central Bank of Lebanon. The bank has informed the competent authorities outside Lebanon of the details of what was contained in this forged report, in order to take appropriate legal measures thereon,” Salameh said.

Last week, Lebanon announced it would audit its central bank in a bid to show transparency after debt restructuring talks were launched.

The Arabic outlet Al Arab reported that Salameh “has been under attack for months by a campaign by Hezbollah and its allies” for the governor’s stance toward US sanctions against the Iran-backed political and military group.

The recent allegations come just months after investigations were launched into money funneled into foreign bank accounts as nationwide protests began in mid-October 2019.

AL ARABIYA

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2 responses to “Lebanon’s central bank chief denies transferring money abroad from official accounts”

  1. master09 Avatar

    The truth will come out on ALL sides and individuals today or tomorrow.
    May you all ………….

    1. I don’t believe anything that Salameh says anymore. I used to have so much respect for this guy before , I used to irritate people in trying to defend him all the time but all that respect vanished . Nothing that he promised turned out to be true . Our biggest problem in Lebanon is that all the ruling elite are thieves and liars and I mean all and Salameh is one of them and probably on top of the list because he must have signed off on all the stolen funds that were wired to foreign banks

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