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.



UN Peacekeeping Mission in South Lebanon Has Recorded over 30 Incidents Resulting in Damage

A Lebanese army soldier stands near UN peacekeepers (UNIFIL) vehicles in Marjayoun, near the border with Israel, amid ongoing hostilities between Hezbollah and Israeli forces, southern Lebanon October 29, 2024. REUTERS/Karamallah Daher
A Lebanese army soldier stands near UN peacekeepers (UNIFIL) vehicles in Marjayoun, near the border with Israel, amid ongoing hostilities between Hezbollah and Israeli forces, southern Lebanon October 29, 2024. REUTERS/Karamallah Daher
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UN Peacekeeping Mission in South Lebanon Has Recorded over 30 Incidents Resulting in Damage

A Lebanese army soldier stands near UN peacekeepers (UNIFIL) vehicles in Marjayoun, near the border with Israel, amid ongoing hostilities between Hezbollah and Israeli forces, southern Lebanon October 29, 2024. REUTERS/Karamallah Daher
A Lebanese army soldier stands near UN peacekeepers (UNIFIL) vehicles in Marjayoun, near the border with Israel, amid ongoing hostilities between Hezbollah and Israeli forces, southern Lebanon October 29, 2024. REUTERS/Karamallah Daher

The UN peacekeeping mission in southern Lebanon says it has recorded over 30 incidents resulting in damage to UN property or premises or injuring peacekeepers
Andrea Tenenti, spokesman for the mission known as UNIFIL, told a video press conference from Beirut Wednesday that it attributed about 20 of the incidents to Israeli military fire or actions, “with seven being clearly deliberate.”
In an incident Tuesday, he said, a rocket likely fired by Hezbollah or an affiliated group hit UNIFIL’s headquarters in Naqura, setting a workshop on fire, with some peacekeepers suffering minor injuries, according to The Associated Press.
The origin of the fire couldn’t be determined for about a dozen incidents, he said.
“What has been very concerning are incidents where peacekeepers performing their monitoring tasks, as well as our cameras, lighting and entire watch towners, have been deliberately targeted,” Tenenti said.
He stressed that the actions of both Israeli forces and Hezbollah fighters are putting peacekeepers in danger, whether through deliberate acts or crossfire.
“Despite a very tense situation, UNIFIL continues to stay in contact with Lebanese and Israeli authorities urging de-escalation,” he said.
Even with the dramatic surge in exchanges of fire between Israel and Hezbollah in the past few weeks, Tenenti said UNIFIL has also been working hard behind the scenes to coordinate the delivery of humanitarian aid by UN agencies and their local partners.