Lebanon Judge Freezes Assets of Five Banks and Members of Their Boards

A general view shows the headquarters of the Lebanese Blom Bank in Beirut, Lebanon July 9, 2018. (Reuters)
A general view shows the headquarters of the Lebanese Blom Bank in Beirut, Lebanon July 9, 2018. (Reuters)
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Lebanon Judge Freezes Assets of Five Banks and Members of Their Boards

A general view shows the headquarters of the Lebanese Blom Bank in Beirut, Lebanon July 9, 2018. (Reuters)
A general view shows the headquarters of the Lebanese Blom Bank in Beirut, Lebanon July 9, 2018. (Reuters)

A Lebanese judge froze the assets of five top banks and members of their boards while she investigates transactions they undertook with the country's central bank, a judicial document showed on Monday.

The asset freeze against Bank of Beirut, Bank Audi, SGBL, Blom Bank and Bankmed applies to properties, vehicles and shares in companies owned by the banks or the members of their boards.

She has not charged any of the parties mentioned with any crime.

Lebanon's banks association in statement said the decision by Judge Ghada Aoun was "illegal" and would further destabilize the country's banking system, already crippled by a financial meltdown that has seen most depositors locked out of their hard currency accounts.

Raya Hassan, chairman of the board of Bankmed, declined to comment, as did Blom Bank chairman Saad Azhari and a spokesperson for Bank Audi.

Bank of Beirut and SGBL did not immediately respond to requests for comment.

Aoun on Thursday issued travel bans against the heads of the boards of the five Lebanese banks as a precautionary measure while she carried out her probe, she told Reuters.



Israel Strikes Beirut's Southern Suburbs once Again

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani
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Israel Strikes Beirut's Southern Suburbs once Again

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon November 16, 2024. REUTERS/Thaier Al-Sudani

Israeli airstrikes hit Beirut’s Haret Hreik area in the southern suburbs again on Friday after evacuation warnings were issued to residents prior to the attacks by an Israeli spokesman.
The Israeli army issued evacuation orders to residents in the areas of al-Hadath and Haret Hreik, as well as several villages in Lebanon’s south requesting they move to north of Awwali River.
When it issues such a warning, Israel cites alleged presence of Hezbollah fighters or infrastructure in civilian areas as a justification for its airstrikes.
Avichay Adraee, spokesperson for the Israeli army, issued an evacuation warning to the residents of the towns of Tayba, Aadchit, Qusayr, and Deir Seryan, as well as to the residents of the towns of Burj al-Shamali and Maashuq in southern Lebanon.
He also requested the evacuation of residents from specific buildings in Hadath and Haret Hreik in the southern suburbs of Beirut.

Later during the day, Lebanon’s health ministry said two medics were killed in the Israeli strikes on a southern Lebanon town.

Israeli attacks have killed at least 3,583 people and wounded 15,244 in Lebanon since October 2023, with 25 fatalities reported on Wednesday, the Lebanese health ministry said on Thursday.