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The Latest Breaking News from Riad Salameh

Lebanon to Devalue Currency by 90% On Feb. 1, C.Bank Chief Says

Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The shift from the old rate of 1,507 to 15,000 is…

Asharq Al-Awsat

Lebanese elite bury blast probe

BEIRUT: In their move to bury an investigation into the Beirut port blast, Lebanon’s ruling elite have driven another nail in the coffin of the collapsing state, stirring conflict in the judiciary as they try to avoid accountability at any cost.

Bangkok Post

Lebanese Elite Bury Blast Probe, Pushing Fragile State Closer to Edge

In their move to bury an investigation into the Beirut port blast, Lebanon's ruling elite have driven another nail in the coffin of the collapsing state, stirring conflict in the judiciary as they try to avoid accountability at any cost. Long-simmering tensions over the investigation have boiled over since Judge…

Asharq Al-Awsat

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Lebanese elite bury blast probe, pushing fragile state closer to edge

Reuters

Lebanese protest central bank chief as pound hits new low

Beirut (AFP) - Lebanese protesters on Wednesday blocked roads and burnt tires near the central bank in Beirut as the weakened local currency plummeted to a new low against the dollar.

AFP

European Delegation Ends 1st Round of Questioning in Lebanon

A European legal team on Friday wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut, officials in Lebanon said. The questioning is part of a probe on money laundering linked to Lebanon’s Central Bank governor. Lebanon is grappling with the…

Asharq Al-Awsat

Europeans to quiz Lebanon central bank chief: official

Beirut (AFP) - European investigators will question Lebanon's central bank chief Riad Salameh next month as part of a probe into his and his brother's affairs, a judicial official told AFP on Friday.

AFP

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European delegation ends 1st round of questioning in Lebanon

Judicial officials say a European legal team has wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut

The Independent UK

European Prosecutors Hear Lebanese Bankers in Central Bank Commission Probe

Lebanese bankers told European prosecutors they believed that commissions now at the center of a graft probe had been paid to the central bank, four sources said, while investigators suspect the cash illegally ended up with the governor's brother. Prosecutors from Germany, France and Luxembourg have been in Beirut as…

Asharq Al-Awsat

European prosecutors hear Lebanese bankers in central bank commission probe

Lebanese bankers told European prosecutors they believed that commissions now at the centre of a graft probe had been paid to the central bank, four sources said, while investigators suspect the cash illegally ended up with the governor's brother.

Reuters

Lebanese Pound Sinks to Record Low as Deadlock Persists

The Lebanese pound on Thursday hit a new record low of 50,000 pounds per US dollar, marking a loss in value of more than 95% since the country's financial system imploded in 2019. The pound was pegged to the dollar at a rate of 1,507 in 1993, a peg that…

Asharq Al-Awsat

Vacuum Threatens Vital State Positions in Lebanon

Institutional collapse in Lebanon is accelerating in a way that has left the country unable to manage the crises it has been facing for the past three years. Vacuum not only ails the Lebanese presidency or government, but it also threatens vital state positions. For example, the mandate of Central…

Asharq Al-Awsat

Lebanese pound hits all-time low as deadlock persists

The value of the Lebanese pound has hit an all-time low, now trading at 50,000 to the U.S. dollar, as the country’s deeply-divided Parliament failed to elect a president for an 11th time

The Independent UK

European investigators quiz Lebanese over central bank chief

Beirut (AFP) - European investigators questioned witnesses for eight hours in Beirut Tuesday as part of a probe into Lebanon's central bank governor Riad Salemeh and his brother, a judicial official told AFP.

AFP

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Reuters

Explainer-The probes into Lebanese central bank chief Salameh

European investigators are in Beirut quizzing witnesses as they probe suspected money laundering and embezzlement by Lebanese central bank governor Riad Salameh, who denies any wrongdoing and still enjoys support from powerful Lebanese factions.

Asharq Al-Awsat

Lebanon Will Name New Prosecutor in Salameh Case Soon, Judge Says

Lebanon will soon appoint a new prosecutor in a stalled corruption probe into the central bank governor, a move that could delay responses to cooperation requests by European investigators conducting their own inquiry, a senior judge said. Ghassan Oueidat, Lebanon's top prosecutor, told Reuters on Tuesday the new prosecutor would…

Reuters

Lebanon will name new prosecutor in Salameh case soon, judge says

The Independent UK

European legal team arriving in Lebanon in corruption probe

Lebanon's justice minister says a European judicial delegation from France, Germany, and Luxembourg has started to arrive in Lebanon to probe the country’s Central Bank governor and dozens of other individuals over suspected corruption

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Reuters

European officials to begin Lebanon graft questioning next week

European investigators will arrive in Lebanon on Jan. 16 as part of a cross-border probe into alleged state fraud, Lebanon's caretaker justice minister said on Wednesday.

Reuters

European investigators to visit Lebanon in Salameh graft probe - sources

European investigators will visit Lebanon in January as part of a cross-border probe into alleged fraud by Lebanese central bank governor Riad Salameh to the detriment of the Lebanese state, three judicial sources said.

Asharq Al-Awsat

Europe Investigators to Visit Lebanon in Central Bank Chief Probe

European investigators will visit Lebanon next month as part of a probe into the wealth of central bank governor Riad Salameh, a judicial official said on Tuesday. The long-serving central bank chief, 72, is among top officials widely blamed for Lebanon's unprecedented economic crisis, dubbed one of the worst in…

AFP

Lebanon actor questioned as witness in central bank chief case

Beirut (AFP) - Lebanese authorities on Friday briefly detained a well-known actor for questioning as a witness in a corruption probe involving the country's central bank governor, a judicial source and her agent told AFP.

Reuters

Lebanese actress questioned, detained in central bank graft probe

Lebanese actress Stephanie Saliba was detained on Friday after being questioned by investigators over a corruption case related to Lebanon's central bank governor, a judicial source told Reuters.

AFP

Lebanon detains actor over central bank chief case: judicial source

Beirut (AFP) - Lebanese authorities have detained a well-known actor as part of an investigation into money laundering and illicit enrichment involving the country's central bank governor, a judicial source said Friday.

The Independent UK

Lebanese actress linked to Central Bank governor arrested

Lebanese judicial officials and the state-run National News Agency say an actress with links to the country’s Central Bank governor has been placed under arrest after showing up for questioning

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