BEIRUT — The Lebanese justice ministry has formally charged former central bank governor Riad Salameh with financial crimes, including embezzlement and illicit enrichment. This follows his arrest earlier this week, which was part of a broader investigation into alleged corruption.
Salameh, who led Lebanon’s central bank for over 30 years, was taken into custody on Tuesday amidst accusations of misappropriating public funds. Despite his denials of any wrongdoing, the gravity of the charges has drawn widespread public attention and protest.
On Thursday, demonstrators gathered outside the justice ministry, demanding Salameh remain in custody and calling for accountability. This protest was organized by Depositors Outcry, a group advocating for those affected by Lebanon’s financial crisis and frozen bank deposits.
Financial prosecutor Ali Ibrahim has charged Salameh with a range of offenses including embezzlement and forgery, with alleged illicit gains exceeding $110 million linked to the Lebanese firm Optimum Invest. The firm has claimed full cooperation with the investigation and adherence to legal standards.
Salameh’s arrest and the charges against him are part of a larger legal battle involving his brother Raja and their business dealings with Forry Associates, which is also under scrutiny. The Salamehs have consistently denied allegations of financial misconduct. Salameh is expected to remain detained until a preliminary hearing is scheduled, likely next week.