Riad Salameh Arrested on Embezzlement Charges
Riad Salameh Arrested on Embezzlement Charges
Riad Salameh Arrested on Embezzlement Charges
News summary

Riad Salameh, the former governor of Lebanon's Central Bank, was arrested in Beirut on September 3 after a judicial hearing focused on allegations of embezzlement exceeding $40 million. Salameh, who served as governor for 30 years until July 2023, faces numerous charges including money laundering and illicit enrichment, which he denies. His arrest follows investigations not only in Lebanon but also in several European countries, where he is wanted for alleged financial crimes, leading to Interpol issuing Red Notices against him. Lebanon has frozen his bank accounts, while multiple countries, including the UK, Canada, and the US, have imposed sanctions. The legal proceedings against Salameh are seen as part of Lebanon's efforts to tackle financial corruption amid the country's severe economic crisis. His arrest marks a significant step in addressing accountability at high governmental levels.

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