Good governance and rule of law

In a statement issued on Wednesday 17 November 2021, the Governor of the Banque du Liban (BDL), Riad Salameh, announced that he had commissioned an audit on transactions and investments that had been reported in the press.

According to the statement, the audit that was carried out by an unnamed “reputable audit company,” revealed that no public funds were used to pay commissions and fees to a company owned by the governor’s brother.

It is worth noting that since the outbreak of the economic crisis in Lebanon (2019), Riad Salameh, who has been the head of the central bank for nearly thirty years, has been under increased scrutiny. Last January, an investigation was opened against him in Switzerland on suspicion of “aggravated money laundering.” In France, the National Financial Prosecutor’s Office (PNF) initiated a preliminary investigation for “criminal association” and “laundering in an organised gang” against Riad Salameh.