US EditionGermany Aims to Confiscate Property Seized in Lebanon Ex-Central Bank ...
German prosecutors seek permanent confiscation of €35 million in assets linked to alleged embezzlement by Lebanon's former central bank governor and associates.
9 Articles
9 Articles
The former head of the Lebanese Central Bank, Riad Salamé, is said to have embezzled 330 million US dollars. Part of the money is said to have flowed into shares and real estate in Germany, which the authorities now want to deprive him of.
Germany aims to confiscate property seized in Lebanon ex-central bank chief probe
BERLIN, Jan 29 - German prosecutors have applied to a court to confiscate some 35 million euros ($42 million) worth of property they had seized in a money laundering investigation into the former governor of Lebanon's central bank and other defendants. Read more at straitstimes.com.
Germany seizes €35m in assets linked to ex-Lebanon central bank chief
German prosecutors said Thursday they had seized assets worth around 35 million euros ($42 million) as part of a money-laundering probe targeting Lebanon’s former central bank governor Riad Salameh and four other people. Salameh headed Lebanon’s central bank between 1993 and 2023 and has faced numerous accusations including embezzlement, money laundering and tax evasion in separate probes in Lebanon and abroad. He has denied any wrongdoing. Prop…
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