Lebanon Central Bank Says New Audit to Scrutinize Transactions for Graft

A view shows Lebanon's Central Bank building in Beirut, Lebanon August 25, 2023. (Reuters)
A view shows Lebanon's Central Bank building in Beirut, Lebanon August 25, 2023. (Reuters)
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Lebanon Central Bank Says New Audit to Scrutinize Transactions for Graft

A view shows Lebanon's Central Bank building in Beirut, Lebanon August 25, 2023. (Reuters)
A view shows Lebanon's Central Bank building in Beirut, Lebanon August 25, 2023. (Reuters)

Lebanon's central bank said Wednesday that an outside firm had begun a forensic audit into past transactions linked to its foreign assets, scrutinizing them for evidence of graft in the wake of the country's economic collapse.

The move is part of measures the institution has taken to improve oversight, steps that have also resulted in the arrest of the body's former governor, Riad Salameh.

A forensic audit has also been a key demand of the international community and the International Monetary Fund as Lebanon seeks bailout funds after the economic crash, which began in 2019.

The central bank said Wednesday that on August 17, the New York-based Alvarez & Marsal began the forensic audit of "selected transactions", covering the period from October 2019 to the end of 2023.

The audit includes "transactions related to the central bank's foreign assets, including subsidy programs for essential goods and materials" as well as other transfers, it said.

In May, the central bank had said that the audit aimed to verify that payments and transfers "were executed pursuant to proper authorizations and approvals", and that funds "were used for their intended purposes, without any violation, misuse, or misappropriation".

In 2020, Alvarez & Marsal had launched an audit of the central bank but later halted work after the body failed to hand over necessary data.

The firm resumed that audit the following year, and its preliminary report in 2023 painted a damning picture of the institution under long-serving former governor Salameh.

Salameh, who headed the bank from 1993 to July 2023, is widely viewed as a key culprit in the country's dramatic economic crash and is accused of having amassed a fortune during his time in the job.

He has faced numerous accusations including embezzlement and tax evasion in probes in Lebanon and abroad but has consistently denied any wrongdoing, insisting he is being made a "scapegoat" for the economic collapse.

He was arrested in September 2024 and charged with offenses including the alleged embezzlement of $44 million from the central bank, but was released a year later after posting record bail of more than $14 million.

He was placed in custody again in July over accusations including embezzlement and illegal enrichment after a complaint lodged by the new central bank authorities.



Yemen Forces Keep Up Efforts to Eliminate Remaining Houthis from Bab al-Mandeb

The military sources said 100 Houthi members were killed and 190 wounded during fighting on Saturday. (Military media)
The military sources said 100 Houthi members were killed and 190 wounded during fighting on Saturday. (Military media)
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Yemen Forces Keep Up Efforts to Eliminate Remaining Houthis from Bab al-Mandeb

The military sources said 100 Houthi members were killed and 190 wounded during fighting on Saturday. (Military media)
The military sources said 100 Houthi members were killed and 190 wounded during fighting on Saturday. (Military media)

Yemeni government forces continue to confront attacks by the Iran-backed Houthi group, aiming to deplete its capabilities on the Taiz fronts.

Meanwhile, offensive operations kicked off on Sunday, pressing to clear the group's remaining forces in Bab al-Mandeb, while airstrikes and ground clashes extended to Lahj, Marib, and Al-Jawf as Operation Dawn of Yemen entered its 14th day.

In Taiz, government forces, supported by the Popular Resistance, thwarted attacks by the group in the vicinity of the city, including the western and southern fronts, inflicting human and material losses upon them, according to Yemeni military statements.

The group destroyed a bridge in the Haigat al-Abd area on the road connecting Taiz, Lahj, and Aden, a move that increases movement and supply difficulties in a governorate that has suffered from a siege for years.

On the Bab al-Mandeb front, government forces continued their operations to clear Houthi pockets fortified behind hills, trenches, and minefields.

Field sources said that the group lost dozens of members, while thwarting attacks on the Al-Waziyah toward the Kahbub mountains.

Military media reported that government forces thwarted a broad attack launched by the group west of the city of Taiz, following hours of clashes, forcing them to retreat. They were also able to repel another attack on the Al-Shaqab front, located at the southern entrance to the city.

The military sources said 100 Houthi members were killed and 190 wounded during fighting on Saturday.

Warplanes launched airstrikes targeting Houthi positions and gatherings in the vicinity of Jabal Han west of the city, and areas to the south and on the northwestern front, according to the same sources.

Bab al-Mandeb

Meanwhile, as part of Operation Dawn of Yemen, the Yemeni Armed Forces announced the execution of 1,417 precise and direct targeting operations during the past 24 hours using warplanes, drones, artillery, and rocket launchers against Houthi gatherings, reinforcements, fortified positions, vehicles, and firing sources.

Official spokesperson for the Armed Forces Majed al-Nuzaili said the operations have helped disrupt the group's movements and prevent them from deploying their reserves to the fronts or achieving tactical objectives.

He noted that around 800 militants were killed and wounded, and more than 190 armored vehicles, combat trucks, and transport and supply vehicles were destroyed or damaged.

Army units on the eastern front successfully cleared hostile positions, expanded their control, and seized a new tactical field position, while forces in Taiz continued to confront ongoing attacks alongside airstrikes targeting group positions and reinforcements.

On the Bab al-Mandeb front, government forces are focusing on completing the clearing of positions where the group is still fortified behind small hills, trenches, and minefields, amid ongoing clashes in Al-Waziyah toward the Kahbub mountains.

The nature of the area, including its rugged terrain and mined locations, poses challenges to the advancement and clearing operations.

This front has strategic importance due to its proximity to the Bab al-Mandeb Strait, one of the vital corridors for international navigation, making the securing of surrounding positions and routes an essential part of efforts to consolidate military gains and prevent the group from reclaiming its positions.


Israeli Fire Isolates Lebanese Villages Beyond 'Yellow Line'

An Israeli army vehicle operates in East Zawtar, as seen from West Zawtar, southern Lebanon, October 1, 2026. REUTERS/Mohamed Azakir
An Israeli army vehicle operates in East Zawtar, as seen from West Zawtar, southern Lebanon, October 1, 2026. REUTERS/Mohamed Azakir
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Israeli Fire Isolates Lebanese Villages Beyond 'Yellow Line'

An Israeli army vehicle operates in East Zawtar, as seen from West Zawtar, southern Lebanon, October 1, 2026. REUTERS/Mohamed Azakir
An Israeli army vehicle operates in East Zawtar, as seen from West Zawtar, southern Lebanon, October 1, 2026. REUTERS/Mohamed Azakir

Residents of border villages in southern Lebanon face growing risks as Israeli forces continue firing at village entrances and surrounding roads, raising fears that entire communities could become effectively isolated without their access routes being formally closed or Israeli troops being stationed inside them.

The repercussions extend beyond daily travel, affecting residents' ability to reach their farmland and medical facilities amid continued Israeli military movements and aerial surveillance.

Lebanese President Joseph Aoun discussed the issue with US Secretary of State Marco Rubio during a telephone call on Thursday evening.

Last week, Israeli forces prevented residents of Kfar Shouba from reaching their fields on Thursday. Two days earlier, Israeli gunfire had swept the Marjayoun-Ebel El Saqi road, coinciding with shelling on the outskirts of Haris and Baraachit and gunfire directed toward the entrances of Mansouri.

Controlling Access Through Firepower to Prevent Residents' Return

Retired Brig. Gen. Dr. Hisham Jaber told Asharq Al-Awsat that Israel had learned from its previous military experiences and was therefore seeking a different approach.

"Israel does not want to occupy the southern villages beyond the Yellow Line and station its forces inside them this time. Instead, it seeks to occupy strategic positions overlooking those villages, allowing it to control surrounding areas from a distance while avoiding the risks its troops would face if they entered the villages," he said.

Jaber explained that Israel's current tactics rely on controlling main and secondary roads connecting the villages through firepower deployed from Israeli military positions, alongside continuous aerial surveillance using drones.

"Israeli drones constantly monitor movements, and whenever they detect activity on a road, the types of vehicles involved are examined," he said.

"Some vehicles may be targeted simply because they arouse suspicion. Motorcycles, for example, are frequently targeted, while other vehicles, such as vans, may also be at risk depending on their movements and Israeli suspicions."

Jaber warned that roads connecting border villages would become dangerous even without a direct Israeli military occupation.

Indeed, several roads have become so dangerous and isolated that they are effectively impassable, despite not being under direct occupation.

These include the Nabatieh-Marjayoun road through Khardali, where vehicles can no longer pass, as well as roads around Nabatieh al-Fawqa, Kfar Tebnit and the outskirts of Kfar Rumman.

The restrictions stem from artillery shelling, intense sweeping gunfire, and strikes carried out by artillery and drones.

On October 2, a delegation from the Deir Mimas municipality met President Joseph Aoun and requested guarantees that roads leading to the village would remain open, essential services would be maintained, and farmers would be able to reach their land for the olive harvest.

Artillery Shelling to Deter Residents from Returning

Assessing the continued Israeli shelling of southern villages, Jaber said such attacks do not necessarily signal a new military escalation each time they occur.

"Israel already maintains a continuous level of attacks and repeatedly uses artillery to strike specific areas and villages," he said.

He explained that intermittent artillery shelling of villages, including Kfar Rumman, serves a political and security objective: preventing residents from returning to their homes, stopping communities from reestablishing themselves and deterring any activity Israel might perceive as a threat to its forces.

"Israel does not need to conduct large-scale ground operations to achieve this objective. It can keep villages under pressure through occasional artillery shelling, discouraging residents from returning and making normal life difficult," he said.

Retired Brig. Gen. Said Kazah, meanwhile, told Asharq Al-Awsat that roads linking southern Lebanon's border villages, as well as areas under Israeli occupation or facing Israeli military positions, remain unsafe because of continued military movements and gunfire.

He warned that it was impossible to know the intentions of Israeli forces or the nature of the operations they might undertake.

"The danger is not limited to the roads. It also extends to residents who continue to remain in their border villages," he said.

Border Roads and Villages Remain Unsafe

Kazah explained that the presence of a foreign army occupying territory leaves roads and surrounding areas under constant threat.

"When a foreign army occupies territory, all roads and areas within or facing the occupied zone remain vulnerable because we cannot know the intentions of the occupying forces or the operations they may be planning," he said.

"As a result, the presence of civilians in southern villages remains fraught with danger."

He added that wars invariably involve collateral damage resulting from gunfire, a possibility taken into account when military operations are planned.

This, he said, helps explain the risks faced by civilians living in or near areas where military operations are taking place.

"Border roads are not entirely safe. All border areas under Israeli occupation, and even those facing them, remain exposed to danger, whether from direct military operations or bullets that may reach them during exchanges of fire," Kazah said.

"This makes both civilian movement and residence in these areas subject to constant risks."

Fears that villages could become isolated are grounded in previous incidents.

In March, Israeli shelling disrupted traffic along the Khardali road and the Marjayoun-Hasbaya route before both were reopened.

On June 4, the Lebanese Army announced the reopening of the Marjayoun-Dibbin-Ebel El Saqi road after removing Israeli earth barriers.

At the time, however, the army warned civilians against approaching the area until troop deployments were completed and checks for unexploded ordnance had been carried out.


Yemen Rejects Iran's Mediation Bid While It Continues to Arm Houthis

Al-Zouba called on the Islamic world to cut off funding and arms supplies to the Houthis (SABA)
Al-Zouba called on the Islamic world to cut off funding and arms supplies to the Houthis (SABA)
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Yemen Rejects Iran's Mediation Bid While It Continues to Arm Houthis

Al-Zouba called on the Islamic world to cut off funding and arms supplies to the Houthis (SABA)
Al-Zouba called on the Islamic world to cut off funding and arms supplies to the Houthis (SABA)

The Yemeni government has rejected Iran's attempts to position itself as a mediator in the country's war, holding Tehran responsible for supporting the Houthi takeover and prolonging the conflict by supplying the group with weapons, funding, training, missiles, drones and military experts.

Foreign Minister Afrah Al-Zouba said Iran had made itself a party to the war against the Yemeni people and should end its military support for the Houthis and respect national sovereignty and the principles of good neighborliness rather than offer to mediate. Her remarks reflect the government's efforts to move beyond political accusations against Tehran and press for international action against the sources of the group's weapons.

Speaking on the sidelines of the 52nd session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) in the Iraqi capital, Baghdad, Al-Zouba said Tehran could not arm one party to a conflict and then present itself as a mediator seeking to end it.

She argued that Iran's attempts to portray the war as a conflict between Yemen and Saudi Arabia ignored the reality of an armed group's takeover of the Yemeni state.

The minister accused the Iranian regime of using Yemen as a bargaining chip and channeling pressure directed at Tehran into attacks whose costs are borne by the people of the region, international trade and global markets.

She noted that the Houthis had rejected regional and international peace initiatives, including a Saudi-proposed roadmap, and exploited periods of de-escalation to regroup and strengthen their military capabilities.

Tehran's Responsibility

Al-Zouba also rejected Iran's attempts to portray the Houthis as Yemen's legitimate representatives or describe them as the "Yemeni Armed Forces."

She stressed that Tehran's dealings with the group did not grant it the legitimacy to represent the Yemeni state or give the Iranian regime authority over Yemen's sovereign decisions.

The minister also rejected efforts to characterize the campaign to restore state institutions as a conflict between Yemen and Saudi Arabia.

She said Houthi claims that the group acts according to its own interests and calculations did not absolve Iran of responsibility for arming it and enabling it to continue its attacks.

Al-Zouba cited several Iranian actions that she described as violations of Yemeni sovereignty, including the handover of Yemen's diplomatic premises in Tehran to a Houthi representative in November 2019.

She also pointed to the smuggling of an Islamic Revolutionary Guard Corps (IRGC) officer into Sanaa in October 2020 and his appointment as ambassador to the Houthis, as well as flights operated to Sanaa airport in July 2026 without the internationally recognized government's approval.

The minister accused Tehran of continuing to interfere in Yemen's affairs despite the severing of diplomatic relations in October 2015, describing those actions as violations of the rules governing relations between states, Yemeni sovereignty and the Vienna Convention on Diplomatic Relations.

Al-Zouba linked these accusations to the ongoing military escalation in Yemen, citing Houthi ballistic missile attacks on Maashiq Palace, the seat of the presidency and government in the temporary capital, Aden.

She also pointed to the continued siege of Taiz and shelling of residential neighborhoods, alongside attacks targeting Saudi Arabia and threatening international shipping.

Call for Islamic Action

Amid what she described as growing threats, the Yemeni foreign minister urged OIC member states to take a firm stance against the Houthis, designate the group a terrorist organization, cut off its funding sources and halt the flow of weapons and military expertise to its forces.

She stressed that the continuation of the war could not be separated from Iranian military and technical support, warning against allowing Yemeni territory to become a launching pad for threats to regional security.

Al-Zouba called for Islamic solidarity to move beyond declarations and translate into practical measures that protect member states and their resources while countering foreign interference that fuels conflicts.

She also urged the international community to enforce the arms embargo on the Houthis under UN Security Council Resolutions 2216 and 2624, hold the group's financiers accountable and support the Yemeni government in restoring state institutions and extending its authority throughout the country.

Al-Zouba emphasized that Yemen's security was closely tied to that of its neighbors and that confronting Iranian interference required ending support for armed proxies and safeguarding national sovereignty.

She also highlighted Saudi Arabia's continued support for Yemen through economic, humanitarian and development assistance.

On the political front, the minister said the Yemeni government, which had remained committed to pursuing peace for 12 years, would not accept a political process that served as cover to legitimize the Houthi takeover or allow weapons to remain outside state institutions.

She stressed that a just and lasting peace required respect for Yemen's sovereignty, unity and territorial integrity, the restoration of its institutions and adherence to the agreed framework for a political settlement, foremost among them UN Security Council Resolution 2216.

The remarks came as Operation Dawn of Yemen, launched by Presidential Leadership Council Chairman Rashad al-Alimi, continued its campaign to restore state institutions and extend government authority across the country's entire territory, according to the government.