Scandal of Lebanese Politicians’ Transfer of Billions of Dollars abroad ‘Confuses’ Banks

Lebanon's Central Bank Governor Riad Salameh speaks during an interview with Reuters at his office in Central Bank in Beirut, Lebanon October 24, 2017. (Reuters)
Lebanon's Central Bank Governor Riad Salameh speaks during an interview with Reuters at his office in Central Bank in Beirut, Lebanon October 24, 2017. (Reuters)
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Scandal of Lebanese Politicians’ Transfer of Billions of Dollars abroad ‘Confuses’ Banks

Lebanon's Central Bank Governor Riad Salameh speaks during an interview with Reuters at his office in Central Bank in Beirut, Lebanon October 24, 2017. (Reuters)
Lebanon's Central Bank Governor Riad Salameh speaks during an interview with Reuters at his office in Central Bank in Beirut, Lebanon October 24, 2017. (Reuters)

Statements by financial expert, Dr. Marwan Iskandar, in which he revealed that Lebanese politicians transferred billions of dollars abroad, created confusion among the political, banking and even judicial circles and increased the anger of the popular uprising against Lebanon’s ruling class.

This information has caused great resentment in Lebanon, especially as it comes at a time when banks are imposing tight restrictions on depositors’ withdrawals and prohibiting them from transferring any amount in foreign currencies abroad. This has affected merchants, who have to pay for imported goods, and even citizens who need to transfer money to their children studying abroad.

In this regard, an emergency meeting of the Finance and Budget parliamentary committee was held on Thursday, in the presence of Central Bank Governor Riad Salameh, who announced after the talks that “investigations will be conducted in reports about officials and bankers making transfers abroad this year.”

“We will do whatever the law allows us to, to check all the transfers that occurred in 2019 abroad, and whether there are suspicious funds,” he vowed.

Meanwhile, a judicial source told Asharq Al-Awsat that intense investigations began on Friday by the Central Criminal Investigation Department, under the direct supervision of Beirut First Investigating Judge Ghassan Oueidat.

The source explained that the investigation “began by listening to Iskandar’s statements about the information he revealed.”

“The matter is being followed up and needs further investigations in cooperation with the Central Bank and the Banking Supervision Committee,” according to the source.

In remarks to Asharq Al-Awsat, Iskandar noted that “the amounts were transferred normally and not smuggled.”

He revealed that a Swiss official informed him that the transferred funds amounted to two billion dollars, and they belonged to nine Lebanese politicians.

“What’s dangerous is that the sums have been transferred in the last 15 days, at the height of the liquidity crisis,” Iskandar noted.

He stressed that the Swiss parliament has begun a serious investigation into this matter, and it would publish the results once it is completed.



Blinken Demands Overhaul of Israeli Conduct in West Bank after Killing of US Protester

US Secretary of State Antony Blinken speaks during a press conference with Britain's Foreign Secretary David Lammy (not pictured) as part of a strategic dialogue at the Foreign, Commonwealth and Development Office in London, Britain, 10 September 2024. (EPA)
US Secretary of State Antony Blinken speaks during a press conference with Britain's Foreign Secretary David Lammy (not pictured) as part of a strategic dialogue at the Foreign, Commonwealth and Development Office in London, Britain, 10 September 2024. (EPA)
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Blinken Demands Overhaul of Israeli Conduct in West Bank after Killing of US Protester

US Secretary of State Antony Blinken speaks during a press conference with Britain's Foreign Secretary David Lammy (not pictured) as part of a strategic dialogue at the Foreign, Commonwealth and Development Office in London, Britain, 10 September 2024. (EPA)
US Secretary of State Antony Blinken speaks during a press conference with Britain's Foreign Secretary David Lammy (not pictured) as part of a strategic dialogue at the Foreign, Commonwealth and Development Office in London, Britain, 10 September 2024. (EPA)

US Secretary of State Antony Blinken on Tuesday demanded an overhaul of Israeli military conduct in the occupied West Bank as he decried the fatal shooting of an American protester against settlement expansion, which Israel said was accidental.

Aysenur Ezgi Eygi, 26, who is also a Turkish national, was shot dead last Friday at a protest march in Beita, a village near Nablus where Palestinians have been repeatedly attacked by far-right Jewish settlers.

Israel's military said on Tuesday that its initial inquiry found it was highly likely its troops had fired the shot that killed her but that her death was unintentional, and it voiced deep regret.

In his strongest comments to date criticizing the security forces of Washington's closest Middle East ally, Blinken described Eygi's killing as "unprovoked and unjustified". He said Washington would insist to the Israeli government that it makes changes to how its forces operate in the West Bank.

"No one should be shot and killed for attending a protest. No one should have to put their life at risk just for freely expressing their views," he told reporters in London.

"In our judgment, Israeli security forces need to make some fundamental changes in the way that they operate in the West Bank, including changes to their rules of engagement.

"Now we have the second American citizen killed at the hands of Israeli security forces. It's not acceptable," he said.

An Israeli government spokesperson declined to comment on Blinken's remarks.

The Israeli military said an investigation by the Military Police Criminal Investigation Division was under way and its findings would be submitted for higher-level review once completed.

"We're going to be watching that very, very closely," White House national security spokesperson John Kirby told reporters, saying a criminal probe was an unusual step by Israel's military.

"We're going to want to see where it goes now in terms of the criminal investigation and what they find, and if and how anyone is held accountable," Kirby added.

Eygi's family called the preliminary inquiry "wholly inadequate" and urged US President Joe Biden to demand an independent investigation.

PRELIMINARY INQUIRY

In a statement, the Israeli military said its commanders had conducted an initial investigation into the incident and found that the gunfire was not aimed at her but another individual it called "the key instigator of the riot."

"The incident took place during a violent riot in which dozens of Palestinian suspects burned tires and hurled rocks towards security forces at the Beita Junction," it said.

Israel has sent a request to Palestinian authorities to carry out an autopsy, it said.

"We are deeply offended by the suggestion that her killing by a trained sniper was in any way unintentional," Eygi's family said in a statement.

A surge in violent settler assaults on Palestinians in the West Bank has stirred anger among Western allies of Israel, including the United States, which has imposed sanctions on some Israelis involved in the hardline settler movement. Tensions have been heightened amid Israel's war against Hamas in Gaza.

Palestinians have held weekly protests in Beita since 2020 over the expansion of nearby Evyatar, a settler outpost. Ultra-nationalist members of Israel's ruling coalition have acted to legalize previously unauthorized outposts like Evyatar, a move Washington says threatens the stability of the West Bank and undercuts efforts toward a two-state solution to the conflict.

Since the 1967 Middle East war, Israel has occupied the West Bank of the Jordan River, an area Palestinians want as the core of a future independent state.

Israel has built a thickening array of settlements there that most countries deem illegal. Israel disputes that assertion, citing historical and biblical ties to the territory.