Paris, France – A sweeping investigation into alleged corruption involving former Lebanese Central Bank chief Riad Salameh has extended its reach, implicating his son, Nady Salameh, and his lawyer, Marwan Issa El Khoury, in related financial crimes. The former governor and his associates are accused of engaging in a systematic scheme to embezzle public funds, a situation that has repercussions for Lebanon’s already struggling economy.
In December and January, French authorities formally placed Nady Salameh and El Khoury under investigation as part of an ongoing inquiry into the corruption allegations. This legal move signals intensified scrutiny over the Salameh family’s financial activities and their potential implications on Lebanon’s economic stability.
Nady Salameh, formally investigated on January 9, is facing charges of criminal conspiracy related to corruption, embezzlement of public funds, and organized money laundering. He has expressed distress over his involvement, suggesting that he is a “collateral victim” of his relatives’ actions, specifically his father and uncle, without direct participation in their alleged crimes.
Facing the French judicial system, Nady stated that his life has been adversely affected by the actions of his close family, underlying a personal disassociation from the accused malpractices.
Marwan Issa El Khoury, who was also subjected to questioning, echoed a sentiment of being unjustly dragged into the controversy. After enduring what he described as humiliation in Lebanon, El Khoury was investigated on December 18, facing the same allegations as Nady.
The inquiry goes beyond the personal grievances and legal defenses presented by the suspects. Legal activist William Bourdon highlighted that the investigations could potentially dismantle the framework of financial exploitation that has burdened Lebanon. Bourdon, instrumental in initiating legal action against Riad Salameh in France, noted that the case’s end could restore public resources to the Lebanese people.
Looking forward, the legal processes are expected to unfold over the next few years, with Bourdon indicating optimism for a trial around the end of 2026. Meanwhile, Riad Salameh continues to deny the allegations from his longstanding tenure as the head of Lebanon’s central bank. His leadership, which spanned three decades, is now overshadowed by the serious financial misconduct charges.
Controversially, Salameh is also currently wanted by French authorities and is subject to an Interpol “red notice.” Many in Lebanon hold him accountable for the financial crises that have plagued the country since 2019, leading to widespread economic hardship.
The case against the Salamehs reflects broader concerns about corruption and governance in Lebanon, where financial instability has significantly affected the daily lives of its citizens. The outcome of this international investigation could have far-reaching consequences for monetary reform and transparency in the country.
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