Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Trump cancels Putin meeting, says "didn't feel right"
Al Mayadeen's correspondent in Caracas: The United States attacks another alleged drug-trafficking ship off the coast of Colombia in the Pacific Ocean
Palestinian official urges world to force 'Israel' to comply with ICJ ruling: AFP
Israeli media says Knesset approved bill to annex in West Bank in preliminary reading
Kremlin: As part of strategic nuclear force exercise, Cruiser Bryansk launched Sineva ballistic missile from Barents Sea.
Kremlin: Yars Intercontinental Ballistic Missile launched from Plesetsk Cosmodrome at Kura test site in Kamchatka.
Kremlin: Strategic nuclear forces exercise took place under Putin's leadership.
Lebanese MP Imad Al-Hout, following his meeting with the Grand Mufti of the Republic: Lebanon is the last country to move toward peace and normalization [with "Israel"]
Al Mayadeen's correspondent in South Lebanon: One martyr reported in Israeli drone strike targeting motorcycle in Ain Qana.
Israeli media: Sirens sound in Nahal Oz settlement in Gaza Envelope.

Lebanese Central Bank vice-governors urge naming Salameh successor

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Jul 2023 20:11
2 Min Read

Salameh is wanted in France and Germany for alleged financial irregularities, but Lebanon does not extradite its citizens.

  • x
  • A banner saying
    A banner saying "We will not pay the price" on November 27, 2019, hangs in front of the Lebanese Central Bank in Hamra, Beirut (AFP)

The vice-governors of Lebanon's Central Bank called on authorities on Thursday to allocate a successor to the bank chief Riad Salameh, whose term expires at the end of this month and is being accused of collecting a fortune during three decades off of depositors' money. 

Salameh is wanted in France and Germany, which issued him a Red Notice for alleged financial irregularities, but Lebanon does not extradite its citizens.

The bank chief, who denies the claims, is the subject of judicial investigations both in Lebanon and abroad into allegations including embezzlement, money laundering, fraud, and illicit wealth.

Read next: Lebanon fails to elect President for 12th time

In a joint statement on Thursday, Salameh's four vice-governors said, "With the end of the central bank governor's term approaching on July 31, 2023, it is our duty to stress the necessity of appointing a governor as soon as possible."

"Otherwise we will be forced to take appropriate action in the public interest," they added.

Related News

Lebanon's ex-central bank chief stays behind bars as probe continues

Lebanon's ex-central bank chief arrested over financial crime claims

The Central Bank governor is usually named by cabinet decree to serve a six-year mandate, based on the Finance Minister's recommendation. However, if no name is given, the first vice-governor assumes the position.

The position of Central Bank governor is usually reserved for a Christian Maronite.

"Caretaker rule cannot apply to the highest monetary authority," the vice-governors' statement added.

Meanwhile, Lebanese media reported that the vice-governors may quit at the end of this month to pressure authorities to name a new bank chief and curb any responsibility for the consequences of Salameh's departure from power.

Read next: Lebanon receives Interpol arrest warrant for Central Bank Governor

A Lebanese official, who spoke on condition of anonymity, told AFP last month that Lebanon "was informed by the Swiss authorities that a Swiss judicial delegation will visit Lebanon soon."

The group will meet with a local court and examine individuals about Salameh's and his family's riches, following the footsteps of France, Germany, and Luxembourg, which seized assets totaling $130 million in March 2022 as part of an investigation into Salameh.

  • Riad Salameh
  • Germany
  • France
  • Central Bank of Lebanon
  • Lebanon

Most Read

Yemeni Armed Forces Chief of Staff Major General Mohammad Abd al-Karim al-Ghamari , during a ceremony in an undisclosed locations in Yemen, undate (Yemeni Military Media)

Yemeni Armed Forces mourn martyred Chief of Staff al-Ghamari

  • Politics
  • 16 Oct 2025
From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
Smoke and fire rises after 'Israel' launched airstrikes on the village of Ansar, Lebanon, October 16, 2025 (social media)

'Israel' launches two waves of brutal strikes on east, south Lebanon

  • Politics
  • 16 Oct 2025
A woman with her purchased groceries walks out from an underground market, in Beijing, Wednesday, August 6, 2025. (AP Photo/Andy Wong)

Global brands in China face pressure from rising local rivals

  • Economy
  • 17 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Pro-Palestinian activists protest at Lafayette Park across from the White House to mark the approaching one year anniversary of the Israeli war on Gaza, Saturday, October 5, 2024, in Washington. (AP Photo/Jose Luis Magana)
Arts and Culture

Jewish figures calls for sanctions on 'Israel' over Gaza genocide

Activists from the Foreign Press Association during a panel calling for press freedom in Gaza, April 11, 2025 in London, England. (X/ @FPALondon)
Politics

FPA demands Israeli court to allow int'l journalists access to Gaza

Matsapha Correctional Complex is seen in Matsapha, near Mbabane, Eswatini, Thursday July 17, 2025. (AP Photo)
Politics

Cuban man deported from US to Eswatini launches hunger strike

Russia President Vladimir Putin conducts a strategic nuclear forces exercise via videoconference from the Presidential Situation Centre at the Kremlin in Moscow, on Wednesday, October 22, 2025. (Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP)
Politics

Putin oversees ICBM, cruise missile tests in strategic nuclear drill

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS