Featured Lebanon

U.S. Weighs Sanctions Against Lebanon Central Bank Chief

The U.S. is considering sanctions against Lebanon’s long-serving central bank chief as a broader investigation into the alleged embezzlement of public funds in the country gathers pace, according to four people familiar with the matter. Officials within the Biden administration have discussed the possibility of coordinated measures with their European… Read More

Lebanon prosecutor sends initial findings to Swiss over central bank

Lebanon’s public prosecutor sent preliminary findings to Swiss authorities, in response to their request for legal assistance in their investigation of money laundering tied to the Lebanese central bank, the state news agency reported on Thursday. The agency said prosecutor Ghassan Oueidat sent the information through diplomatic channels and asked… Read More

Swiss authorities ask Lebanon to cooperate on central bank probe

Swiss authorities have opened an investigation into money transfers by Lebanon’s Central Bank Governor Riad Salameh, a Lebanese government official told Reuters on Tuesday. Salameh denied any wrongdoing. “Both the prime minister and the president are in the loop” on the inquiry which is also looking into Salameh’s brother and… Read More
31st December 2020
A hacker group called Spiderz claimed that it has succeeded in hacking into Hezbollah’s Al-Qard Al-Hassan financial organization and leaked details on depositors and borrowers from the lender, Lebanese media reported on Tuesday. The group released lists of clients and the organization’s annual budget on its website, as well as… Read More
28th December 2020
AP — A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators would seek from Ghosn. Former… Read More
14th December 2020
By Tom Stocks, Riad Kobaissi, Rana Sabbagh and Alia Ibrahim, OCCRP, 10 December 2020 OCCRP — A company tied to Lebanon’s central bank governor bought a stake in his son’s company, then sold it to a major Lebanese bank that he regulates, OCCRP and Daraj.com have… Read More
3rd December 2020
A Lebanese judge has filed corruption charges against eight former high-ranking security officers, including an ex-army chief and the former top brass of army intelligence, two judicial sources familiar with the matter said. The officers were formally accused of “committing the crime of illicit enrichment and exploiting their official positions… Read More
27th November 2020
The Trump administration plans to tighten sanctions on Tehran during its final months in power, the top U.S. envoy on Iran said on Wednesday, as he urged President-elect Joe Biden to use the leverage to press for a deal that reduces the regional and nuclear threats posed by the Islamic… Read More
23rd November 2020
The arrest of three men this week in connection with last year’s €1bn (£892m) jewel heist at Dresden’s famous Green Vault museum has shone a rare light on the “Arab clans” who increasingly dominate organised crime in Berlin. The arrested men are all members of the Remmo Clan, a single… Read More
23rd November 2020
Lebanese President Michel Aoun said on Saturday that a forensic audit of the central bank was vital to combat corruption and that he would put it back on track following the withdrawal of the consultancy hired to do the audit. Aoun said “interest-driven roadblocks” had derailed the audit, which is… Read More
9th November 2020
President Michel Aoun said on Saturday that Lebanon would seek evidence and documents from the United States that led Washington to impose sanctions on his son-in-law Gebran Bassil, a prominent Christian politician. The United States on Friday blacklisted Bassil, leader of Lebanon’s biggest Christian political bloc, accusing him of corruption… Read More
6th November 2020
The Trump administration is expected on Friday to impose sanctions on one of Lebanon’s most powerful Christian politicians in an effort to chip away at Hezbollah’s grip on power, according to people briefed on the move. The U.S. is preparing to sanction former Foreign Minister Gebran Bassil for assisting his… Read More
26th October 2020
The United States has imposed sanctions on two officials from the Lebanese Shi’ite group Hezbollah, the U.S. Treasury Department said, including one who served as a senior military commander in the south of the country. Nabil Qaouk, a member of the group’s executive council who fought during Israel’s 1982-2000 military… Read More