Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Kareem Chehayeb

A former Lebanese economy minister is arrested on corruption charges

Lebanon Minister Arrest - (Copyright 2024 The Associated Press. All rights reserved)

A former Lebanese Cabinet minister has been arrested and charged after an investigation into alleged financial crimes, judicial and security officials told The Associated Press.

Former Economy Minister Amin Salam was detained after a three-hour interrogation about illegal use of ministry funds and use of suspicious contracts. The three judicial officials and one security official spoke on condition of anonymity because they were not authorized to speak to the press.

Lebanon has been trying to reform its battered economy, which for decades has been rife with profiteering.

Salam has been charged with forgery, embezzlement, and misuse of public funds. Local media said it was related to alleged extortion of private insurance companies and using funds from a committee that supervises those companies for his own expenses.

Salam did not directly comment. On Monday, however, he shared a video on social media that denied the reports and asserted that his use of those funds was to increase the committee's efficacy and transparency.

Salam was economy minister for over three years. He was appointed in 2021 at a time when Lebanon’s economy had plummeted and the country was plagued by severe power outages, fuel shortages and stark food inflation.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.