Two complaints for alleged acts of money laundering and fraud were lodged by associations against the governor of the Banque du Liban, indicates the daily Le Monde in its electronic edition.
One of the complaints was allegedly filed on behalf of the Swiss foundation Accountability Now by lawyer Antoine Mausonneuve against Riad Salamé and the second on April 30 by lawyers William Bourdon and Amélie Lefebre on behalf of the Sherpa Association , specializing in the fight against economic crime around the world and a Franco-Lebanese collective.
According to the content of the article, would also be accused the own son of Riad Salamé, Nadi, aged 34, and his collaborator Marianne Hoayek whose heritage is of dubious origin.
The patrimony of the governor of the Banque du Liban – also holder of French nationality – in place since 1993, would reach several hundred million euros and would have increased disproportionately since his accession to the head of the Lebanese Central Bank.
The governor of the BdL is also targeted by a Swiss investigation. The Swiss authorities accuse him of having embezzled 300 million dollars from the accounts of the Banque du Liban for the benefit of his brother Raja Salamé. A parallel investigation was opened in Lebanon even at the request of the public prosecutor, Judge Ghassan Oweidat, yet close, like him, to the prime minister designate Saad Hariri who has long underlined the immunity he enjoys at the head of the Bank. from Lebanon.
Moreover Riad Salamé has, on several occasions, refused to go – officially for security reasons – to Judge Ghada Aoun as part of the investigation into the manipulation of the dollar rate against the Lebanese pound. The role of the governor of the BdL had been questioned by the president of the union of official stockbrokers himself in May 2020.
This information comes at a time when Lebanon is going through a serious economic crisis induced in part by an over-valuation of the Lebanese pound for years which led to a drying up of monetary reserves, an increase in public debt both artificially compensated by the use private deposits. From now on, more than 65% of the Lebanese population will live under the poverty line while the national currency has seen its parity against the dollar be sharply degraded.
In addition, the Banque du Liban is also accused of having financed for years programs for the benefit of certain politicians, such as in the real estate or fuel sector for the benefit of private agents, while the financing program purchase of basic necessities should end at the end of June due to lack of sufficient available monetary reserves.
Also, even if the governor holds French nationality and could thus escape the ban on entering France, Paris would have imposed sanctions targeting local politicians accused of obstructing the formation of a new government or of corruption. Such an investigation could lead to his arrest in France in the event of entry into the territory.
Riad Salamé in the legal turmoil
A group of activists based in London has accused the governor of the Bank of Lebanon, Riad Salamé and his relatives by name, of corruption and laundering of dirty money.
The group called Guernica37 transmitted this report to the British police last year as well as to the National Crime Agency. This report was prepared at the request of Lebanese civil society activist groups.
A preliminary investigation is also said to be underway to verify the information published. It will then be a question of opening a formal investigation.
Riad Salamé could thus have embezzled several hundreds of billions of Lebanese pounds, reinvested in financial assets in Great Britain, accuse the authors of this report who also transmitted it to the judicial authorities of other European countries.
Riad Salamé, who has read this report believes that these are false allegations.
This report accuses the governor of the Banque du Liban in particular of having provided the benefit of a certain number of his relatives, including his former son-in-law, a lawyer. Recourse to the services of the latter was then compulsory in order to proceed with over-the-counter purchases of Lebanese banks.
The Guernica report37210105-Lebanon-Corruption-redacted-copy-1
Charges of embezzlement already rejected by Riad Salamé
As a reminder, Riad Salamé had categorically rejected the accusations of the Swiss authorities who had asked for details concerning certain transfers . He said he had transferred the sum of $ 240 million only abroad since 2002.
Some sources indicate that, in addition to the governor of the Banque du Liban himself, his brother Raja and his assistant Marianne Hoayek would be targeted by the investigation.
In addition to the Minister of Justice Marie Claude Najem who transferred the file to the Public Prosecutor, the President of the Republic, General Michel Aoun and the outgoing Prime Minister Hassan Diab, would also have been informed of Bern’s request.
For his part, Riad Salamé – supported by the Prime Minister designate Saad Hariri – denied being at the origin of such transfers just like his brother or his assistant.
This information comes when he had already been accused, last April, by Daraj Media, of being at the origin of such movements of funds.
The governor of the Banque du Liban Riad Salamé, his brother Raja and his close advisor Marianne Hoayek would be accused of holding accounts for several hundred million dollars on the basis of documents provided during the Panama Papers scandal.
Thus, Marianne Hoayek would have opened an account for the benefit of Riad Salamé for more than 187 million dollars within the Banco Allado Panama bank and another account within VP Bank Tortola BVI for 150 million dollars.
In addition, a company belonging to Rami Makhouf, a cousin of Syrian President Bashar el Assad would have transferred to the Zurich account of the governor of the Banque du Liban 55 million euros. He is also said to have an account of 80 million euros at the First National Bank.
With his brother Raja, he would have more than 446 million dollars invested mainly abroad. As for Marianne Hoayek, for whom 340 million dollars would have been placed under her name, she is a senior official at the Banque du Liban.
These figures were revealed when the question of the renewal of the mandate of the governor of the Banque du Liban in 2016 before the affair was hushed up, underlined Dima Sadek.
The journalist was then summoned in May 2020, she was summoned by the Internal Security Forces following a complaint “for undermining the reputations of banks and the prestige of the economy” by the Governor of the Banque du Liban Riad Salamé.
An investigation opened since in Switzerland for money laundering
Since then, the governor of the Banque du Liban would have seen his assets frozen in Switzerland following the discovery of documents detailing the movements of funds between Lebanon and Switzerland which would have been operated by Riad Salamé and his brother. The men have been accused of money laundering since 2002.
The Swiss authorities thus note that 300 million dollars would have been transferred on the basis of a contract dated April 6, 2002 between the Bank of Lebanon (BDL) and the company Forry Associates Ltd, registered in Tortola in the Virgin Islands and having a office in Beirut, whose economic beneficiary would be Raja Salamé, thus highlighting an embezzlement of funds from the Banque du Liban for the benefit of the latter.
Commissions in the amount of 247 million dollars would have been paid on April 6, 2002 in return on the personal account of Raja Salamé. 207 million were then paid to beneficiaries of accounts in the banks Bankmed, Banque Misr Liban, Crédit Libanais, Banque Audi and Banque Saradar as “personal expenses”. The governor of the BdL himself is said to have received more than $ 7 million from Forry Associates’ HSBC account. On April 5, 2012, Riad Salamé allegedly asked the Zurich bank to transfer Lebanese treasury bonds in the amount of 153 million dollars to the Swiss Audi Bank in Beirut “with a personal signature”, leading the Swiss authorities to monitor the movements of these accounts, confirming according to investigators their suspicions of embezzlement.
10 million dollars would have even been paid into personal accounts belonging to Riad Salamé for a fictitious company, “Westlake Commercial Inc”, whose accounts are also hosted by the Swiss bank Julius Baer
The governor of the Banque du Liban would have 50 million dollars in Switzerland as well as many real estate.Swiss_File-2
Another problem, the company in question would be unknown in Lebanon and would not have acted within the framework of the contract, indicate certain legal sources.
And 2 complaints filed in France
Since April 2021, 2 complaints have been filed against the Governor of the Banque du Liban, one by the Swiss association Accountability Now and the other by the Sherpa association supporting a Franco-Lebanese collective. They accuse Riad Salamé, who also holds French nationality, of embezzlement and laundering of dirty money.