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.



7 People Killed in Hezbollah Missile Attacks on Israel

Israeli security forces and first responders stand at the site where a rocket fired from Lebanon hit an area near Kiryat Ata in northern Israel's Haifa district on October 31, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AHMAD GHARABLI / AFP)
Israeli security forces and first responders stand at the site where a rocket fired from Lebanon hit an area near Kiryat Ata in northern Israel's Haifa district on October 31, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AHMAD GHARABLI / AFP)
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7 People Killed in Hezbollah Missile Attacks on Israel

Israeli security forces and first responders stand at the site where a rocket fired from Lebanon hit an area near Kiryat Ata in northern Israel's Haifa district on October 31, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AHMAD GHARABLI / AFP)
Israeli security forces and first responders stand at the site where a rocket fired from Lebanon hit an area near Kiryat Ata in northern Israel's Haifa district on October 31, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by AHMAD GHARABLI / AFP)

Five people were killed, including four foreign workers and one Israeli farmer, in a Hezbollah attack on Israel's northern town of Metula on Thursday.

The Metula regional council reported the attack.

Israel’s rescue service said projectiles fired from Lebanon killed two more people in northern Israel.

Magen David Adom, Israel’s main emergency medical organization, said its medics confirmed the deaths of a 30-year-old man and 60-year-old woman in a suburb of the northern city of Haifa. They also treated two other people who suffered mild injuries and were hospitalized.

The Israeli military said that roughly 25 rockets crossed into Israel from Lebanon as part of the volley that struck an olive grove where people had gathered for the harvest. 

Lebanon’s Hezbollah has fired thousands of rockets into Israel since Oct. 8, 2023, when it opened fire in solidarity with Hamas a day after its cross-border attack from the Gaza Strip.

All-out war erupted last month, when Israel carried out large waves of airstrikes and killed Hezbollah leader Hassan Nasrallah and most of his senior commanders. Israel launched a ground invasion at the start of October.

Some 1.2 million people have been displaced by the conflict in Lebanon, according to government estimates. Lebanon’s Heath Ministry said more than 2,800 people have been killed and 12,900 wounded since Oct. 8, 2023.