By Timour Azhari — BEIRUT (Reuters) – European investigators are in Beirut quizzing witnesses as they probe suspected money laundering and embezzlement by Lebanese central bank governor Riad Salameh, who denies any wrongdoing and still enjoys support from powerful Lebanese factions. Their arrival marks progress in one of several probes into Salameh, whose three decades leading the central bank are now under increased scrutiny since the collapse of Lebanon’s financial system. Salameh, who has not been convicted of any crime, has said the probes are part of a campaign to scapegoat him for the 2019 collapse. His brother Raja, a suspect in the investigations, also denies any wrongdoing. Here’s what you need to know about the cases:
EUROPE INVESTIGATES
Investigations began with a Swiss probe into whether Salameh and Raja illegally took more than $300 million from the central bank between 2002 and 2015. Since then, European countries including France, Germany, Luxembourg and Liechtenstein have initiated their own investigations into whether tens of millions of dollars of the funds allegedly embezzled from the central bank were laundered in Europe. In March 2022, the European Union’s criminal justice cooperation organization announced the freezing of some 120 million euros($130 million) of Lebanese assets in France, Germany, Luxembourg, Monaco and Belgium. The assets were frozen in a case in which Munich prosecutors said Salameh was a suspect. Lebanon has received several requests for cooperation from European judiciaries. In January 2023, a team of European investigators from Germany, France and Luxembourg arrived to interrogate witnesses and obtain additional evidence.
LEBANESE PROBE LIMPS ALONG