Paris financial prosecutors have opened a preliminary probe into criminal association and money laundering by Salameh, a source close to the investigation and a judicial source said, following a similar move by Switzerland. Its findings could shed light onto the origins of the 70-year-old former Merrill Lynch banker’s wealth.
In post since 1993 and once hailed by political and business leaders, Salameh has been repeatedly accused by the government of caretaker Prime Minister Hassan Diab of being responsible for the collapse of the Lebanese pound. The Lebanese public suspect him and other high officials of transferring money abroad during a 2019 uprising, when ordinary people were prevented from doing so.
Lebanon has since been hit by an economic crisis which the World Bank says is one of the worst anywhere since the 19th century. Close to the powerful Hariri family, Salameh has been under investigation for months in Switzerland on suspicion of serious money laundering and embezzlement from the Bank of Lebanon.
He also owns several properties in France and may have transferred money via the country. One of the criminal complaints that prompted French prosecutors to get involved came from Swiss foundation Accountability Now, daily Le Monde reported.
The French move signals the start of “a universal mega-investigation across Europe”, said William Bourdon and Amelie Lefebvre, lawyers for Sherpa and the savers’ collective.
“Enormous money laundering operations will be examined, which ought to open every nook and cranny of the mafia that has brought Lebanon to its knees,” they hope.
Their criminal complaint, seen by AFP, accuses Salameh and people close to him — his brother Raja, his son Nadi, a nephew and an aide at the central bank — of fraudulently building a vast fortune in Europe.
Recently, the US has imposed sanctions on many corporations. Three of the 12 companies…
Growing up in New York with Pakistani roots, I’ve always been fascinated by the…
The New York trial of former President Donald Trump is, at best, a national…
It pains me to write that all is not well in our beloved country at…
In a groundbreaking move that promises to revolutionize the pilgrimage experience, Pakistani startup MYTM has…
Islamabad United, the most decorated team in Pakistan Super League history with three championships, proudly…
Leave a Comment