International

Germany issues arrest warrant for Lebanon’s central bank chief

French language inscription "Banque du Liban" on the headquarter of the Bank of Lebanon.
French language inscription 'Banque du Liban' on the headquarter of the Bank of Lebanon.

The German Public Prosecutor has informed the Lebanese judiciary of issuing an arrest warrant against Lebanon’s central bank governor Riad Salameh, international media reported.

The move came after Lebanese Interior Minister Bassam Mawlawi said on Friday that the country had received an arrest warrant from the Interpol against Salameh, and the judiciary authorities had been discussing “attentively” on whether they would grant its execution, Beirut-based al-Jadeed TV network reported on Tuesday.

On May 16, Salameh failed to appear before French prosecutors in Paris to be questioned on corruption charges, prompting French investigative judge Aude Buresi to issue an arrest warrant against him.

Salameh is among the top Lebanese officials blamed for the unprecedented financial crisis in Lebanon, and he is being investigated, along with his brother Raja, in Lebanon and abroad over the alleged embezzlement of more than $330 million from the Lebanese central bank, Xinhua news agency reported.

Salameh denied the accusations, insisting that his wealth comes from his previous job as an investment banker at Merrill Lynch, inherited properties, and investments.

Lebanon is reeling under the worst financial crisis in its history amid the loss of billions of dollars in bank deposits, plunging more than 80 per cent of the population into poverty.

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