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.