US EditionLebanon’s ex-central bank chief accused of corruption released on $14 million bail
Riad Salameh posted a record $14 million bail after nearly 13 months detained for alleged embezzlement, money laundering, and tax evasion during his 30-year tenure.
- Riad Salameh, Lebanon's former central bank governor, was released on $14 million bail, the highest in Lebanese history, after being charged with embezzlement and illicit enrichment.
- Salameh, who led the central bank for 30 years until July 2023, has denied the allegations, claiming he is being made a 'scapegoat' for Lebanon's economic crisis.
- While some in Lebanon hold Salameh responsible for the country's financial collapse, his lawyer maintained his innocence, stating they provided evidence to prove it.
19 Articles
19 Articles
The former governor of the Bank of Lebanon, Riad Salamé, who had been in detention for a year for embezzlement, was released on Friday, 26 September, following the payment of a $14 million bail, a record in the annals of Lebanese justice. He now has to face European justice.
Lebanon ex-bank chief released after posting record bail
Lebanon's former central bank governor Riad Salameh walked free from a year in custody over embezzlement allegations Friday after posting more than $14 million in bail, a judicial official told news agency AFP. "Salameh left the Bhannes Hospital (in north Beirut) where he was being held and treated under guard," the official told AFP on condition of anonymity. Salameh, 75, who headed the central bank for three decades, has faced numerous accusat…
Lebanese Ex-Banking Chief Set for Release Amid Financial Scandal
Former Lebanese central bank governor Riad Salameh is to be released on bail after nearly 13 months in detention over alleged financial misconduct. Salameh, once a pivotal banking figure, faces ongoing legal battles over embezzlement charges. He is prohibited from leaving Lebanon for a year.
Al-Monitor
The Straits TimesLebanon to release former central bank governor Salameh on bail
BEIRUT (Reuters) -Lebanese authorities will on Friday release former central bank governor Riad Salameh, who posted a record-high bail after nearly 13 months in detention over alleged financial crimes committed during his tenure, a Lebanese judicial source said.Once viewed as the linchpin of the banking system, Salameh, 74, saw his standing crumble as a 2019 meltdown of the sector he oversaw impoverished Lebanese depositors and froze most out of…
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