Offshore Companies Linked to Lebanon C.Bank Governor Have Assets Worth Nearly $100 Mln

Riad Salameh, the governor of Lebanon's central bank. (AP)
Riad Salameh, the governor of Lebanon's central bank. (AP)
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Offshore Companies Linked to Lebanon C.Bank Governor Have Assets Worth Nearly $100 Mln

Riad Salameh, the governor of Lebanon's central bank. (AP)
Riad Salameh, the governor of Lebanon's central bank. (AP)

Offshore companies linked to Lebanon’s central bank governor own assets worth nearly $100 million, a media group said in a report, as his role in Lebanon’s economic turmoil is under intense scrutiny.

The companies tied to Riad Salameh invested in real estate in Britain, Germany and Belgium over the past decade according to a report by a collective of European news outlets called the Organized Crime and Corruption Reporting Project (OCCRP), a nonprofit media organization, and its Lebanese partner, Daraj.com.

The report by the Sarajevo-based OCCRP does not allege any wrongdoing by Salameh and Reuters has not reviewed any of the documents on which the report is based.

Responding to the report, Salemeh told Reuters he had declared during a TV interview in April his net worth prior to becoming a governor in 1993 and it was $23 million dollars.

“I have shown the supporting documents as a proof. This to eliminate doubts on the origin of my net worth and that it was prior to holding office,” he said.

He said he had previously stated that he asked professionals and trustees to manage his net worth. “The origin of my net worth is clear, this is the important matter,” he said.

Salameh, previously seen as a guarantor of financial stability in the country, has become a focus of anger for street protesters since Lebanon’s financial system collapsed earlier this year under the weight of one of the world’s biggest public debt burdens.

The report into his personal wealth comes at a sensitive time as Lebanon grapples with the aftermath of an enormous chemicals explosion that devastated the capital Beirut, fueling public anger with the country’s leadership.

The OCCRP report also comes after central bank accounts seen by Reuters last month revealed that Lebanon’s central bank governor inflated the institution’s assets by over $6 billion in 2018, showing the extent of financial engineering used to help prop up the Lebanese economy.

The governor told Reuters last month that the central bank accounting was in line with policies approved by the board.

A Lebanese judge last month ordered a protective freeze on some assets held by the governor after ruling in favor of a complaint that he had allegedly undermined the financial standing of the state.

By the end of 2018, Salameh’s assets were worth more than $94 million, the report said, citing balance sheets of Luxembourg companies controlled by the governor.

Salameh said his declaration on his net worth demonstrated he was not trying to escape public scrutiny and was the proof he has “nothing to hide.”



Houthis in Yemen Say They Won’t End Support for Gaza

 Houthi supporters chant slogans during a weekly anti-US and anti-Israel rally in Sanaa, Yemen, Friday, June 13, 2025. (AP)
Houthi supporters chant slogans during a weekly anti-US and anti-Israel rally in Sanaa, Yemen, Friday, June 13, 2025. (AP)
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Houthis in Yemen Say They Won’t End Support for Gaza

 Houthi supporters chant slogans during a weekly anti-US and anti-Israel rally in Sanaa, Yemen, Friday, June 13, 2025. (AP)
Houthi supporters chant slogans during a weekly anti-US and anti-Israel rally in Sanaa, Yemen, Friday, June 13, 2025. (AP)

A top leader of the Iran-backed-Houthi militias in Yemen said they will keep up their support for Palestinians in the Gaza Strip until Israeli “aggression stops, and the siege is lifted.”

“Our operations in support of Gaza will not cease, no matter the sacrifices,” said Mahdi al-Mashat in a statement Wednesday.

The Houthis are the last militant group in Iran’s self-described “Axis of Resistance” that is capable of regularly attacking Israel.

They have been firing long-range missiles at Israel in the months since it resumed the war in Gaza, setting off air raid sirens but generally causing few casualties. They have also been attacking shipping in the Red Sea and Gulf of Aden.