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Breaking News | International News Lebanese central bank governor charged with dereliction of duty

Lebanese central bank governor charged with breach of trust

BEIRUT: Lebanese Central Bank Governor Riad Salameh has been charged with dereliction of duty and breach of trust, the state news agency reported on Thursday. Judge Ghada Aoun also brought charges against a money exchange company for breaching an administrative regulation, the agency said. It did not provide further details. Salameh was not immediately available for comment. Salameh has headed Lebanon’s central bank since 1993. Aoun had been investigating his management of dollars that were allocated for subsidising basic goods. His role came under scrutiny after Lebanon’s financial system collapsed in 2019, prompting a crash in the Lebanese pound and a sovereign default.

Swiss envoy, Lebanese FM holds talks amid central bank probe

Swiss envoy, Lebanese FM holds talks amid central bank probe January 25, 2021 GMT BEIRUT (AP) Lebanon’s foreign minister held talks Monday with the Swiss ambassador to Beirut after Switzerland started a probe into possible money laundering and embezzlement at the Mideast country’s central bank. Foreign Minister Charbel Wehbi and ambassador Monika Schmutz Kirgoz did not offer comments following their meeting, saying only that the probe is a matter that judicial authorities are dealing with. Switzerland’s attorney general said last week he has asked Lebanon for cooperation into the probe, without offering further details. It’s not clear what prompted the Swiss investigation. Lebanon is facing its worst economic and financial crisis in its modern history.

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