Lebanon’s ex-Central Bank chief to be released on $20M bail: What to know
Judicial authorities in Lebanon agreed to release former Central Bank Governor Riad Salameh on $20 million bail nearly a year after his arrest on fraud and embezzlement charges.
BEIRUT — Judicial authorities in Lebanon agreed on Tuesday to release former Central Bank Governor Riad Salameh on $20 million bail, nearly a year after his arrest on fraud and embezzlement charges.
What happened: The Indictment Chamber in Beirut granted Salameh release on bail that also includes a bond of 5 billion Lebanese pounds ($55,000). He is also subject to a one-year travel ban as investigations into financial crimes are ongoing, the Lebanese state-run National News Agency reported.
The former governor has not yet been released pending payment of the bail, which was described by local media as the highest in Lebanon’s history.
Speaking to the local Al-Jadeed news outlet, Salameh’s legal representative, Mark Habaka, described the hefty figure as “illegal.”
