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Germany Confirms Investigation Into Former Lebanon Central Bank Governor
Germany Confirms Investigation into Former Lebanon Central Bank Governor
German prosecutors confirmed investigating Riad Salameh, Lebanon’s central bank governor, together with his brother Raja and other suspects on charges including forgery, money laundering, and embezzlement.
According to the Munich public prosecutor’s office, a portion of the suspected €150 million ($162.3 million) fraud sum was transferred to Europe through a letterbox company in the British Virgin Islands. This money was then used to invest in real estate, including properties in Germany.
In an operation with partner authorities in France and Luxembourg, the prosecutor’s office said three commercial properties in Munich and Hamburg with a total value of about €28 million had been confiscated.
Authorities also seized shares worth about €7 million in a Dusseldorf property company.
Salameh is currently under investigation in Lebanon and multiple European countries for reportedly embezzling hundreds of millions of dollars from Lebanon’s central bank.
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