Lebanon’s central financial institution chief seems earlier than corruption listening to | Banks Information

Riad Salameh had beforehand rejected the presence of European investigators on the listening to, inflicting it to be postponed.

Lebanese central financial institution chief Riad Salameh has appeared for the primary time earlier than a European delegation visiting Beirut as a part of investigations into his private wealth, judicial officers have stated.

Salameh and his authorized crew, together with a French lawyer, arrived on the Beirut Palace of Justice on Thursday morning and the listening to started quickly after.

He had been scheduled to look on the listening to on Wednesday, however refused to attend, arguing that the presence of the European investigators was “in battle with [Lebanon’s] nationwide sovereignty”.

Salameh, 72, is a part of the Lebanese political elite broadly blamed for a crushing financial disaster that started in late 2019 and that the World Financial institution has dubbed one of many worst in latest historical past.

He faces allegations of crimes together with embezzlement in separate probes in Lebanon and overseas, with investigators inspecting the fortune he has amassed throughout three a long time on the job.

Salameh has repeatedly denied any wrongdoing.

France, Germany and Luxembourg seized belongings value 120 million euros ($127m) in March final yr in a transfer linked to a French probe into Salameh’s private wealth.

The European investigation is trying into allegations of monetary misconduct, together with attainable cash laundering and embezzlement.

The delegation has submitted some 100 inquiries to Lebanese Choose Charbel Abu Samra, who for procedural causes will do the questioning within the presence of the European officers, a separate judicial supply had beforehand instructed AFP.

Salameh is showing “as a witness” and won’t be charged or arrested, the second supply stated, including that the chief of the central financial institution – known as the Banque du Liban – may face a number of days of questioning.

Preliminary no-show

The judiciary rejected Salameh’s declare on Wednesday that the presence of the overseas investigators was a violation of Lebanon’s sovereignty, and the session was rescheduled for Thursday.

In January, the European investigators interviewed banking officers in Beirut concerning the switch of funds to international locations the place Salameh has vital belongings.

Additionally they examined the central financial institution’s ties to Forry Associates Ltd, a British Virgin Islands-registered firm that listed Salameh’s brother as its beneficiary.

Forry is suspected of getting brokered Lebanese treasury bonds and Eurobonds at a fee, which was then allegedly transferred to financial institution accounts overseas.

Salameh has not often appeared earlier than investigating judges, regardless of quite a few complaints and summonses.

Final month, Lebanese authorities charged Salameh with embezzlement, cash laundering and tax evasion as a part of their very own investigation.

A recent criticism was filed in opposition to him on Wednesday, together with for bribery and illicit enrichment.