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
Afghan source to Al Mayadeen: We still believe in dialogue and prioritize diplomatic solutions with Pakistan; though we are ready for all possibilities.
Afghan source to Al Mayadeen: Pakistan purposely obstructed negotiations in Turkey by making unrealistic demands.
Al Mayadeen's correspondent: More than 70 martyrs in Israeli attacks on Gaza since dawn.
Death toll from latest Israeli strikes on Gaza rises to 30
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City
Al Mayadeen's correspondent: An Israeli airstrike targets the vicinity of Al-Shifa Medical Complex, west of Gaza City
Al-Qassam: We will postpone the handover of the body of the Israeli captive we found, which was scheduled for today, due to the occupation's violations
Al Mayadeen's correspondent in Gaza: Israeli occupation aircraft launch airstrikes on the city of Rafah in the southern Gaza Strip

EU freezes 120 million euros in Lebanese laundering probe

  • By Al Mayadeen Net
  • Source: Agencies
  • 28 Mar 2022 17:41
  • 5 Shares
2 Min Read

The EU's Eurojust agency has seized 120 million euros in an investigation into money laundering committed by Lebanese officials, a country that has been suffering a stifling economic crisis for years.

  • x
  • Lebanon's Central Bank Governor Riad Salameh speaks during an interview for Reuters Next conference, in Beirut, Lebanon
    Lebanon's Central Bank Governor Riad Salameh speaks during an interview for Reuters Next conference, in Beirut, Lebanon

France, Germany, and Luxembourg have seized properties and frozen assets worth some 120 million euros in an operation linked to money laundering in Lebanon, Eurojust, the EU's justice agency said Monday.

The judicial body said five properties in Germany and France had been seized, and several bank accounts were frozen.

The Hague-based agency announced that the operation took place on Friday, adding that it was conducted against five suspects on suspicion of embezzling funds in Lebanon, estimating that the funds they took amounted to more than $330 million between 2002 and 2021.

Lebanon, whose economic crisis the World Bank said might rank among the top 10 worst economic crises in the world since the mid-nineteenth century, has been undergoing several hikes in food and fuel prices, and its citizens have been heavily bearing the brunt of the crisis.

Most Lebanese citizens currently make about $40 per month, and according to UNICEF, more than 70% of Lebanese families were not able to afford a daily ration of food in 2021.

Related News

French wealthy move billions abroad fearing Macron taxes

Pro-Palestine rallies take over Europe despite Gaza ceasefire

The operation included the seizure of three properties in Germany, valued at 28 million euros, and other assets that amounted to seven million euros.

Paris seized two properties in the capital, valued at 16 million euros, and a bank account with 2.2 million euros.

The agency also froze around 11 million euros in another bank account, according to its announcement that did not see them providing any details related to the suspects. "They are assumed to be innocent until proven guilty," they argued.

French anti-graft prosecutors had launched an investigation into the personal wealth of Riad Salameh, the governor of the Central Bank of Lebanon, as he was linked to criminal associations and money laundering.

Prosecutors said they were probing Salameh over allegations that he was associated with criminal organizations and money laundering following a similar move taken by Switzerland.

Salameh is closing in on three decades in his position as BDL governor, and his reign in Lebanon has been criticized by many, with former caretaker Prime Minister Hassan Diab holding him responsible for the collapse of the Lebanese currency.

  • Switzerland
  • Europe
  • Riad Salameh
  • Germany
  • France
  • Lebanon
  • Luxembourg
  • European Union

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Saudi's PIF refocuses on AI, logistics, and religious tourism
Economy

Saudi Arabia's fund refocuses on AI, logistics, and religious tourism

Detained Bahraini activist al-Khawaja starts new hunger strike.
Politics

Detained Bahraini activist al-Khawaja starts new hunger strike

Israel fortifies Gaza’s "yellow line," prepares to dig in.
Politics

'Israel' fortifies Gaza’s 'yellow line,' prepares to dig in: WSJ

President Donald Trump speaks to reporters aboard Air Force One as he travels from Tokyo, Japan, to South Korea, on October 29, 2025. (AP Photo/Mark Schiefelbein)
Asia

Trump’s weak dollar strategy risks global fallout: Forbes

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