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
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

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

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Sep 2024 18:29
  • 2 Shares
3 Min Read

Lebanon's public prosecutor ordered Riad Salameh’s arrest following three hours of questioning on suspicions of embezzlement from the central bank exceeding $40 million.

Listen
  • x
  • Salameh
    Riad Salameh, the ex-governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, on Nov. 11, 2019. (AP)

Lebanese authorities took the unprecedented step on Tuesday of arresting former central bank governor Riad Salameh after questioning him over alleged embezzlement, AFP reported, citing a judicial source.

Salameh, who served in the role for nearly three decades, is under scrutiny for allegedly amassing a significant fortune and facing multiple accusations, including embezzlement, money laundering, and tax evasion, both domestically and internationally. He has consistently denied any wrongdoing.

According to the judicial source, who requested anonymity due to a lack of authorization to speak to the media, Lebanon's public prosecutor ordered Salameh’s arrest following three hours of questioning "on suspicions of embezzlement from the central bank exceeding $40 million," with the funds allegedly transferred abroad.

This marks the first time Salameh has appeared before Lebanon’s judiciary since stepping down from his 30-year tenure at the end of July last year without a successor. He is widely regarded as a key figure in Lebanon's severe economic collapse, which began in late 2019.

He arrived at the judge's office "without a lawyer" and chose to waive his right to have a lawyer present when asked, according to the source.

The questioning pertained to a case entirely separate from other ongoing investigations, the source added, noting that Salameh’s responses were deemed unconvincing by the judge, who subsequently ordered his arrest.

Related News

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

US sanctions target ex-chief of Lebanon Central Bank Salameh

Salameh has since been transferred to a detention facility in Beirut's Ashrafieh area, where he may be held for up to four days unless formally charged.

The former central bank governor is also wanted by French authorities for alleged financial crimes, with Interpol having issued Red Notices against him. However, Lebanon does not extradite its citizens.

Lebanese authorities have frozen Salameh’s bank accounts, while the United Kingdom, Canada, and the United States have imposed sanctions on the former official.

In June, a German court revoked an arrest warrant against Salameh, citing that he no longer held a position that could suppress evidence. Nevertheless, the court maintained that the suspicion regarding the allegations against him remained "urgent".

In March 2022, authorities in France, Germany, and Luxembourg seized assets worth €120 million ($130 million) as part of an investigation into Salameh’s wealth. European investigators have questioned Salameh in Beirut, as well as other individuals, including his assistant Marianne Hoayek, his brother Raja, a Lebanese minister, and central bank audit firms.

Following the issuance of the Interpol Red Notices, a local judge questioned Salameh, confiscated his French and Lebanese passports, imposed a travel ban, and released him pending further investigations.

Since late 2019, Lebanon has been engulfed in an economic crisis, described by the World Bank as one of the worst in modern times, plunging many into poverty.

Read more: Lebanon's Salameh world's worst central banker: The Economist

  • Riad Salameh
  • Central Bank of Lebanon
  • Lebanon

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

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