Lebanon: Mikati Proposes Inviting Central Bank Governor to Cabinet Meeting

Lebanon's Central Bank governor Riad Salameh - File/Reuters.
Lebanon's Central Bank governor Riad Salameh - File/Reuters.
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Lebanon: Mikati Proposes Inviting Central Bank Governor to Cabinet Meeting

Lebanon's Central Bank governor Riad Salameh - File/Reuters.
Lebanon's Central Bank governor Riad Salameh - File/Reuters.

Lebanese Prime Minister Najib Mikati proposed on Wednesday inviting central bank governor Riad Salameh to a forthcoming Cabinet meeting, the information minister said, an apparent show of support after Salameh was charged with illicit enrichment.

Salameh has denied the charge brought against him by a Lebanese judge on Monday. It was the first charge to be brought against the governor, whose wealth is also being probed by authorities in at least five European countries.

Information Minister Ziad al-Makary said Mikati had proposed during Wednesday's Cabinet session to invite Salameh "after lots of discussion about the matter of the relationship with the banks."

According to Reuters, it was an apparent reference to a standoff between Lebanese banks and members of the judiciary who have frozen the assets of seven lenders this month. Banks went on strike earlier this week in protest at the judicial orders.

No date had been set for Salameh to attend a cabinet meeting, Makary said.

Denying the charge against him, Salameh said on Monday he had ordered an audit, which showed public funds were not a source of his wealth.

His tenure has faced increased scrutiny since the financial system imploded in 2019, the most destabilizing crisis since Lebanon’s 1975-90 civil war.

Judge Ghada Aoun charged Salameh in absentia.

Last week, Aoun charged his brother Raja Salameh in the same case and ordered him arrested, and he has since been in detention. Raja Salameh’s lawyer has said allegations of illicit enrichment and money laundering against his client were unfounded.

Riad Salameh faces other investigations, including a Swiss inquiry over alleged aggravated money laundering at the central bank involving $300 million in gains by a company owned by Raja Salameh.

Aoun's critics accuse her of acting in line with the political agenda of President Michel Aoun, who appointed her as a prosecutor and whose Free Patriotic Movement wants Salameh removed from his post. Aoun says she is applying the law.

Riad Salameh has described accusations against him as politically motivated.



France Declines to Comment on Algeria’s Anger over Recognition of Morocco’s Claim over Sahara

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
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France Declines to Comment on Algeria’s Anger over Recognition of Morocco’s Claim over Sahara

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)

Paris declined to comment on Algeria’s “strong condemnation” of the French government’s decision to recognize Morocco’s claim over the Sahara.

The office of the French Foreign Ministry refused to respond to an AFP request for a comment on the Algeria’s stance.

It did say that further comments could impact the trip Algerian President Abdelmadjid Tebboune is set to make to France in late September or early October.

The visit has been postponed on numerous occasions over disagreements between the two countries.

France had explicitly expressed its constant and clear support for the autonomy rule proposal over the Sahara during Foreign Minister Stephane Sejourne’s visit to Morocco in February, reported AFP.

The position has helped improve ties between Rabat and Paris.

On Thursday, the Algerian Foreign Ministry expressed “great regret and strong denunciation" about the French government's decision to recognize an autonomy plan for the Western Sahara region "within Moroccan sovereignty”.

Algeria was informed of the decision by France in recent days, an Algerian foreign ministry statement added.

The ministry also said Algeria would draw all the consequences from the decision and hold the French government alone completely responsible.