Lebanon to release former central bank governor Salameh on bail
BEIRUT (Reuters) -Lebanese authorities will on Friday release former central bank governor Riad Salameh, who posted a record-high bail after nearly 13 months in detention over alleged financial crimes committed during his tenure, a Lebanese judicial source said.
Once viewed as the linchpin of the banking system, Salameh, 74, saw his standing crumble as a 2019 meltdown of the sector he oversaw impoverished Lebanese depositors and froze most out of their accounts. He was subsequently battered by corruption allegations both in Lebanon and abroad.