Tag Archives: Riad Salameh

Lebanon’s former central bank governor, Riad Salameh, was released Friday after spending a year in detention on embezzlement charges, following the payment of what judicial officials described as the highest bail sum in the country’s history. Bail and Release Conditions Salameh, 75, walked out of Bhannes Hospital in northern Beirut, where he had been held under guard due to health …

Lebanon’s judiciary has approved the release of former central bank governor Riad Salameh on bail set at more than $20 million, judicial sources confirmed Tuesday. The 75-year-old, who has been held for nearly a year on charges of embezzlement and financial misconduct, is now barred from traveling for one year as part of the court’s decision. A Controversial Figure at …

Karim Souaid, Lebanon’s newly appointed central bank governor, officially assumed office in Beirut on Friday, pledging to lead the institution with transparency and independence. In his first public remarks, Souaid emphasized his commitment to battling financial crimes, particularly money laundering and the financing of terrorism, while keeping the bank free from political interference. He outlined a roadmap that includes restructuring …