INSIDER
Lebanon's detained former central bank governor faces new corruption charge
Read full article: Lebanon's detained former central bank governor faces new corruption chargeA Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrant.
Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe
Read full article: Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probeThree judicial officials have told the Associated Press that Lebanon has charged its embattled former central bank governor with the embezzlement of $42 million.
Lebanon's interim central bank governor freezes assets of former chief and close associates
Read full article: Lebanon's interim central bank governor freezes assets of former chief and close associatesLebanon’s interim central bank governor has frozen the accounts of the banks embattled former chief and close relatives and associates.
French court upholds freezing of assets of Lebanon's embattled central bank chief
Read full article: French court upholds freezing of assets of Lebanon's embattled central bank chiefA French court has upheld the freezing of assets of Lebanon’s embattled central bank governor rejecting his appeal to have them released.
Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations
Read full article: Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegationsThe Lebanese official heading talks with the International Monetary Fund to bail out Lebanon’s tanking economy has called for the country’s embattled central bank chief to resign.
Lebanese judge lifts travel ban for central bank governor
Read full article: Lebanese judge lifts travel ban for central bank governorA Lebanese judge has rescinded a travel ban she had placed on the country’s embattled central bank governor, clearing the way for him to travel to Paris for a scheduled hearing with French prosecutors next month.
European team ends questioning of Lebanon Central Bank chief
Read full article: European team ends questioning of Lebanon Central Bank chiefLebanese judicial officials say that a European legal team has finished two days of questioning of the country's central bank governor in a money-laundering probe linked to the governor.
Lebanon Central Bank chief questioned by European lawyers
Read full article: Lebanon Central Bank chief questioned by European lawyersLebanon’s embattled Central Bank chief has been questioned for the first time before a European legal team visiting Beirut in a money-laundering probe linked to the governor.
Lebanese pound hits all-time low as deadlock persists
Read full article: Lebanese pound hits all-time low as deadlock persistsThe value of the Lebanese pound has hit an all-time low, now trading at 50,000 to the U.S. dollar, as the country’s deeply-divided Parliament failed to elect a president for an 11th time.
Lebanese central bank governor says corruption charges false
Read full article: Lebanese central bank governor says corruption charges falseLebanon’s central bank governor says he asked an auditing firm to look into transactions and investments and that contrary to media reports, the results showed no public money has been misused.
Amid crisis, Hezbollah 'bank' a lifeline for some Lebanese
Read full article: Amid crisis, Hezbollah 'bank' a lifeline for some LebaneseAs more Lebanese fall into poverty in the country's economic crisis, increasing numbers are turning to the financial arm of the Iranian-backed Hezbollah militant group for help. He could still pull out the dollars in his account at the al-Qard al-Hasan Association, the financial arm of the militant Hezbollah group. Stepping in where the state and financial institutions have failed, Hezbollah is providing a vital lifeline for some Lebanese. Over the past year, the al-Qard al-Hasan association has seen a significant increase in clients, despite it being under U.S. Treasury sanctions since 2007. That has proven a boon for the al-Qard al-Hasan association, as some turned to it as an alternative to store their cash.
Lebanese government meets after night of raging protests
Read full article: Lebanese government meets after night of raging protests(AP Photo/Hussein Malla)BEIRUT Lebanon's prime minister held an emergency Cabinet meeting Friday after a night of raging protests that saw demonstrators shut down roads across the country with burning tires in renewed protests spurred by a plunging national currency. Prime Minister Hassan Diab canceled his scheduled meetings for the day and called for an emergency session to discuss the crisis. The renewed demonstrations amid calls for Diab's resignation are a huge challenge for the prime minister who took over in December after his predecessor, Saad Hariri, resigned amid nationwide protests late last year. Despite efforts to control the currency depreciation in recent weeks, the Lebanese pound tumbled to more than 6,000 to the dollar on Thursday, down from 4,000 on the black market in recent days. Lebanons financial crisis predates the virus pandemic that put the country in a total lockdown for months, further compounding the crisis.