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Lebanon’s Ex–Central Bank Chief Riad Salameh Released on Record $14 Million Bail

The 75-year-old departs custody under a one-year travel ban pending ongoing prosecutions.

Lebanon's Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/ File Photo
Riad Salameh, 75, is accused of amassing a fortune during some three decades as Lebanon's central bank chief and faces numerous charges, including embezzlement, money laundering and tax evasion in separate probes

Overview

  • His lawyer paid $14 million plus five billion Lebanese pounds in what officials described as the largest bail in Lebanon, and a judge authorized his release.
  • A one-year travel ban was imposed and took effect upon the bail payment.
  • He had been detained for a year and was recently held in a medical facility near Beirut due to deteriorating health.
  • Salameh remains indicted on corruption allegations in Lebanon and continues to face investigations in several European jurisdictions.
  • He denies wrongdoing, with his lawyer citing poor health and asserting that the defense has submitted evidence to clear him.