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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Lebanese Central Bank Head Maintains Innocence Against Corruption Charges

Lebanon's Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo

Lebanese central bank governor Riad Salameh maintained his innocence amid allegations of corruption, saying in a radio interview on Saturday that his conscience was clear.

Salameh is under investigation in Switzerland on charges related to embezzlement, and probes are under way or being planned in several other European countries.

Last week, a Lebanese prosecutor asked Salameh for documents relating to suspicions of embezzlement, money laundering and tax evasion over an allegation that more than $300 million had been taken from the bank through a company owned by his brother.

"I have not benefited one penny from the central bank," Salameh told Radio Free Lebanon.

Salameh continued to dismiss the allegations as a smear campaign on Saturday, saying "there are those who want my head".

He also said nobody was running the country as he defended his decision to halt fuel subsidies that have drained currency reserves, saying the government could resolve the problem by passing necessary legislation.

Salameh pressed back against government accusations that he had acted alone in declaring an end to the subsidies on Wednesday, saying everyone knew the decision was coming.

Lebanon's crippled banking system is at the heart of a financial crisis that erupted in late 2019. Banks have since blocked transfers abroad and cut access to deposits due to a scarcity of dollars.

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