Judge Orders Seizure of Lebanon Central Bank Governor’s Properties Amid Wealth Investigation

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lebanon central bank governor

A judge in Lebanon has ordered the seizure of properties belonging to Riad Salameh, the embattled central bank governor, amid ongoing investigations into his wealth. This decision comes after Salameh has faced multiple judicial probes both in Lebanon and abroad, all of which focus on the significant fortune he has accumulated during his thirty-year career.

Precautionary Seizure of Properties

Judge Gabi Shaheen has ordered the precautionary seizure of Salameh’s properties, which include luxury real estate, apartments, and several cars. This decision prevents Salameh from selling or transferring the ownership of his properties until the local investigation is completed. If the charges against him are dropped, the property seizures will be lifted. However, if Salameh is convicted, the properties will be confiscated and sold at public auction to benefit the Lebanese treasury.

Multiple Investigations

In addition to the local investigation, Salameh faces charges of embezzlement, money laundering, and tax evasion in Lebanon. The domestic probe began after Switzerland’s public prosecutor requested assistance in their own investigation into more than $300 million in fund movements by Salameh and his brother.

Furthermore, France, Germany, and Luxembourg have joined forces to uncover the truth behind Salameh’s fortune. In March 2022, these countries seized assets worth 120 million euros ($135 million) in connection to the probe into his wealth. Salameh is wanted in France and Germany, and the Interpol has issued a Red Notice in response to the arrest warrants.

International Scrutiny on Financial Misconduct

The investigations and asset seizures reflect an international effort to scrutinize and hold accountable those accused of financial misconduct. Salameh’s case serves as an example of how powerful individuals may be brought to justice, regardless of their positions of influence.

Impact of the Investigation

As the probes continue and the fate of Salameh’s fortune hangs in the balance, the world watches on, waiting to see the outcome of this high-profile case. The impact of this investigation is likely to reverberate through Lebanon and beyond, serving as a reminder that corruption and financial misdeeds will not go unchecked. Despite Lebanon’s policy of not extraditing its nationals, if local judicial authorities find the accusations against Salameh to be founded, he may still face trial in Lebanon.

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