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Lebanon's Prime Minister Faces Money Laundering Allegations in France

Najib Mikati, Lebanon's billionaire prime minister, denies allegations after a complaint was filed by anti-corruption groups.

  • Najib Mikati, Lebanon's prime minister, has denied allegations of money laundering following a complaint filed in France by two anti-corruption groups.
  • French prosecutors have yet to decide whether to initiate an investigation into the allegations against Mikati.
  • The complaint, filed by Sherpa and the Collective of Victims of Fraudulent and Criminal Practices, aims to investigate Mikati's wealth accumulation and the role of financial intermediaries.
  • Mikati, one of Lebanon's wealthiest individuals and prime minister since 2021, asserts his family's business dealings are characterized by 'complete transparency.'
  • Mikati co-founded the telecommunications company Investcom in the 1980s, which was sold in 2006 to South Africa’s MTN Group for $5.5 billion.
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