Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

EU delegation set to open investigation into governor of Lebanon’s central bank

EU delegation set to open investigation into governor of Lebanon’s central bank

A judicial delegation from France, Germany and Luxembourg will open its investigation into the activities of Lebanon’s central bank and its governor, Riad Salameh, in Beirut on Monday. It is expected to continue until Friday.
Salameh is facing prosecution in cases relating to money transfers from Lebanon to banks in those European countries, the sources of the funds and the extent to which they might be linked to corruption, money laundering and financial crimes in Europe.

Arab News understands the Central Criminal Investigation Division affiliated with the Public Prosecution Office in Lebanon has informed those who have been called for questioning of the dates on which they are expected to attend the Justice Palace in Beirut, beginning early next week. They include 15 banking officials, including current and former vice-governors of the central bank. Salameh himself will not be questioned at this stage, a judicial source said.

In March 2022, European authorities froze $130 million of Lebanese assets, and targeted Salameh and four people close to him for investigation in relation to alleged embezzlement of public funds.

Judge Ghassan Oweidat, Lebanon’s public prosecutor, met on Thursday with a diplomatic delegation from the embassies of France, Germany and Luxembourg at the Justice Palace. The Lebanese judiciary has expressed disapproval of the way it is being treated in the case.

Lebanese authorities were officially informed by letter that a judicial delegation from the three European countries would be arriving in Lebanon to conduct their investigation. The delegation includes public prosecutors and specialist financial judges, who told Lebanese authorities about their visit in the letter without formally requesting authorization to conduct their investigation.

This was a strange and an unprecedented move, according to the judicial source, who also questioned what it means for the sovereignty and relevance of the Lebanese state if foreign countries can simply grant themselves the authority to conduct investigations on its soil.

He also said it was surprising that the representatives of the three European countries had only informed the Lebanese judiciary of the date of the delegation’s arrival in Beirut to conduct its investigation and the names of the individuals to be questioned, without requesting the judiciary’s assistance or cooperation. This undermines and violates the authority of the Lebanese judiciary, he added.

“The foreign judicial delegation doesn’t have the right to arrive in Lebanon and conduct investigations without a letter of request,” the source said.

“The Convention against Corruption signed by Lebanon requires it to meet the demands of foreign judicial authorities, provided that they comply with the Lebanese laws.”

Salameh has faced harsh criticism for his monetary policies and financial engineering operations, which have been blamed for contributing to the accumulation of debt and eventual collapse of Lebanon’s economy.

The French financial judiciary has been investigating him since 2021 on charges of money laundering and embezzlement. He has been governor of the central bank since 1993 and his term is set to end in May.

Switzerland has also been investigating allegations of embezzlement in the central bank, with Salameh and his brother the main suspects.

During their meeting, Judge Oweidat and the delegates went through the due process followed by Lebanon in such cases. The investigation will take place at the hall of the Court of Cassation at the Justice Palace in Beirut and the judicial source said Oweidat and the delegates agreed a protocol to be followed during the investigation. It requires investigators to direct their questions to witnesses through Lebanese judges who will be present during the sessions, rather then directly to the individuals being questioned, who have the right to have lawyers present.

“If the European judges want to make any claims, they should do so in their countries and not during the investigation sessions in Lebanon,” the judicial source said.

“After the claim, a refund request should be sent to Lebanon. What is certain is that no action can be taken against any Lebanese who was interrogated and investigated during the hearing.”

The source said the Lebanese judiciary cannot extradite any Lebanese citizen to any other country for prosecution in the case, even if there are signed conventions in place between the countries. Any prosecution of a Lebanese citizen will take place in Lebanese territory, similar to what happened in the case of Ziad Takieddine, he added.

Takieddine is a 72-year-old Lebanese-French businessman accused by the French judiciary of financial crimes. He was a key witness in an investigation into alleged Libyan financing of former French President Nicolas Sarkozy’s 2007 election campaign. He told French investigators in 2016 that he gave Sarkozy and his office manager €5 million ($5.3 million) to fund Sarkozy’s campaign. He was detained in Lebanon in 2020 and where he faced a French investigation but was tried by the Lebanese judiciary.

Similarly, in 2021 French investigators visited Lebanon to question Lebanese businessman Carlos Ghosn. Their questions were directed to a Lebanese judge who, in turn, put them to Ghosn.

The judicial source added: “The French know this protocol in Lebanon because they have experienced it before.”
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation
Spanish Prime Minister's Wife Ordered to Stand Trial as Corruption Probes Encircle Governing Party
Zelensky Faces Kyiv Protests Over Ousting of Dynamic Ukrainian Defense Minister
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Spain and UK Dismantle Gibraltar Border Following Landmark Schengen Integration Treaty
Hungary's "Puppet" President to Be Ousted, Orbán Fumes: "Democracy Is Dead"
Forget Tinder: The Surprising Platform Where People Find Love
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
×