Lebanese court targets Riad Salameh

Riad Salameh, the former Governor of Banque du Liban, faces legal accusations related to embezzlement and illicit enrichment, according to Lebanese judicial claims. A complaint has been filed against him by the Bank of Lebanon's management, and a detention warrant has been requested due to his alleged involvement in establishing fictitious companies, embezzling central bank funds, and using them to purchase shares and bonds fraudulently. Additionally, charges of money laundering and financial corruption have been raised. Salameh was detained in September 2024 but was released on bail; his trial is still ongoing. He denies the charges and insists he has not committed any violations, considering himself a victim of Lebanon’s economic collapse that has been ongoing since 2019.

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