Central Bank governor, Riad Salameh's wealth is being probed in several European countries.
Lebanon's president estimates the country needs time to overcome the financial crisis as its central bank governor says around $15 billion would help to restore.
The bank said while it had spent more than $800 million on fuel in the last month and the bill for medicines had multiplied, those goods were still absent from the open market and were being sold at prices that exceed their value.
The complaint, filed in France by non-profit organisation Sherpa and a group of lawyers, targets Lebanese Central Bank Governor Riad Salameh, who allegedly made “suspicious” real estate purchases in the country.
Central bank chief Riad Salameh has led the entity since 1993. His role came under scrutiny after Lebanon’s financial system collapsed in an unprecedented crisis in 2019.
Six months after popular protests erupted across the country, the pandemic is making a meal out of an already fragile situation.
The central bank proposed Lebanese holders of Eurobonds due in 2020 swap their holdings for longer-dated notes, a move that could ease pressure on dwindling foreign currency reserves amid a deep financial crisis.
Fuel stations in the Arab country continue open-ended strike protesting dollar shortages to cover their imports, amid a dual political and economic crisis.
Demonstrators in capital Beirut protest against capital control measures taken by the Lebanese banks while the country pays back $1.5 billion Eurobond as unrest completes 43 days.
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