
by AFP – The US Treasury slapped sanctions on prominent Lebanese tycoons Jihad al-Arab and Dany Khoury and lawmaker Jamil Sayyed for allegedly benefitting from corruption and adding to the breakdown of the rule of law in the country. The three “have each personally profited from the pervasive corruption and cronyism in Lebanon, enriching themselves at the expense of the Lebanese people and state institutions,” the US Treasury said. “While the Lebanese people face daily struggles to access basic public goods, including medicine, electricity, and food, during a historic and devastating economic crisis, members of the Lebanese political class and their cronies operate with impunity to enrich themselves and hide their wealth,” the Treasury said in a statement.
The Treasury said al-Arab has used close political connections and kickback payments to win important public contracts worth hundreds of millions of dollars in which he overbilled the government and, in an emergency deal to address Beirut’s 2016 garbage crisis, did not resolve the problem. The Treasury also said he won two government contracts worth $200 million after brokering a political deal in 2014 ahead of elections. Khoury, it said, used his ties to already-sanctioned politician Gibran Bassil to reap lucrative contracts “while failing to meaningfully fulfill the terms of those contracts.” “Khoury and his company have been accused of dumping toxic waste and refuse into the Mediterranean Sea, poisoning fisheries, and polluting Lebanon’s beaches, all while failing to remedy the garbage crisis,” it said.

:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/thenational/NYKRG4QRLU4PQIYGJHKGOCMJT4.jpg)





