Former Lebanese Central Bank Chief Arrested
Former Lebanese Central Bank Chief Arrested

Former Lebanese Central Bank Chief Arrested

News summary

Riad Salameh, the former governor of Lebanon's central bank, was detained on Tuesday following an investigation into alleged financial crimes linked to the brokerage firm Optimum Invest, with accusations of accruing over $110 million in illicit funds. Salameh, who served as bank governor for 30 years, has faced scrutiny for his role in the collapse of Lebanon's financial system and has been charged with embezzlement totaling $42 million. His detainment comes as a surprise to his legal team, who believed he was being questioned as a witness. Judicial sources indicate that a hearing is expected early next week to determine whether he will remain in custody. The investigation has broader implications, as Salameh has been implicated in financial corruption cases both domestically and in several European countries. Despite the serious allegations, Salameh has consistently denied any wrongdoing, asserting that his wealth is derived from legitimate sources.

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