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Lebanon's Ex-Central Bank Chief Riad Salameh Arrested Over Financial Crimes

Salameh, who led the central bank for three decades, faces multiple charges of embezzlement, money laundering, and fraud.

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Overview

  • Riad Salameh is accused of embezzling over $110 million through financial crimes involving Optimum Invest.
  • He has denied all accusations, claiming his wealth comes from legitimate sources.
  • Salameh's arrest marks his first detention despite years of allegations and international arrest warrants.
  • The charges are separate from previous accusations involving another firm linked to his brother.
  • Lebanon's financial system has been in turmoil since 2019, with Salameh widely blamed for the crisis.