Former Lebanon Central Bank Governor Released on USD20M Bail
(MENAFN) A Lebanese court on Tuesday granted bail to former central bank governor Riad Salameh, setting an unprecedented sum of $20 million alongside an additional 5 billion Lebanese pounds (approximately $55,600), according to the state-run National News Agency.
In tandem with the release order, the indictment chamber enforced a one-year travel ban as legal action continues against Salameh, who is facing multiple charges.
Salameh, who helmed Banque du Liban for 30 years until stepping down in July 2023, is currently under both local and international scrutiny over allegations including corruption, money laundering, and embezzlement. In April, he was officially sent to trial on accusations of illicit enrichment and forgery.
The 2019 financial crisis in Lebanon brought increased scrutiny to his leadership, with critics blaming him for mismanagement. Salameh has consistently denied any misconduct.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
