• Lebanese security personnel raid the Banque du Liban, the country's central bank, in Beirut. EPA
    Lebanese security personnel raid the Banque du Liban, the country's central bank, in Beirut. EPA
  • They were searching for Riad Salameh, governor of the Banque du Liban. Reuters
    They were searching for Riad Salameh, governor of the Banque du Liban. Reuters
  • Lebanese security personnel stand guard at the entrance of the central bank during the raid. AP
    Lebanese security personnel stand guard at the entrance of the central bank during the raid. AP
  • Judge Ghada Aoun is surrounded by security personnel as she leaves the central bank. AP
    Judge Ghada Aoun is surrounded by security personnel as she leaves the central bank. AP
  • Lebanese Judge Ghada Aoun (C), walks as she leaves the Lebanese Central Bank after members of the state security patrol raid the Banque du Liban in search of Riad Salameh central bank Governor, in Beirut, Lebanon, 19 July 2022. Lebanon opened a probe into Salameh's wealth last year after the office of Switzerland's top prosecutor requested assistance in an investigation into more than 300 million USD which he allegedly embezzled out of the central bank with the help of his brother. EPA / WAEL HAMZEH
    Lebanese Judge Ghada Aoun (C), walks as she leaves the Lebanese Central Bank after members of the state security patrol raid the Banque du Liban in search of Riad Salameh central bank Governor, in Beirut, Lebanon, 19 July 2022. Lebanon opened a probe into Salameh's wealth last year after the office of Switzerland's top prosecutor requested assistance in an investigation into more than 300 million USD which he allegedly embezzled out of the central bank with the help of his brother. EPA / WAEL HAMZEH
  • European countries are also investigating Mr Salameh. It is alleged he embezzled more than USD$300 million out of the central bank with the help of his brother Raja. EPA
    European countries are also investigating Mr Salameh. It is alleged he embezzled more than USD$300 million out of the central bank with the help of his brother Raja. EPA
  • A member of Lebanese State Security on guard during the raid at the Banque du Liban. EPA
    A member of Lebanese State Security on guard during the raid at the Banque du Liban. EPA
  • Officials said they did not find Salameh and were unable to look for him in the building’s offices and storage rooms. EPA
    Officials said they did not find Salameh and were unable to look for him in the building’s offices and storage rooms. EPA
  • The allegations against Mr Salameh come as Lebanon reels under economic crises that have left most of the population in poverty. EPA
    The allegations against Mr Salameh come as Lebanon reels under economic crises that have left most of the population in poverty. EPA
  • Lebanese state security personnel on patrol during the raid on the Banque du Liban. EPA
    Lebanese state security personnel on patrol during the raid on the Banque du Liban. EPA

Lebanese security forces raid central bank in search of governor Riad Salameh


Jamie Prentis
  • English
  • Arabic

A Lebanese judge raided the central bank in Beirut on Tuesday in search of its governor Riad Salameh, after state security forces failed to find him at one of his houses earlier in the day.

Judge Ghada Aoun, a state prosecutor, has charged Mr Salameh and his brother Raja with illicit enrichment.

But the 71-year-old governor could not be found, and Ms Aoun said she was unable to search for Mr Salameh in Banque du Liban's offices.

“We immediately received a judicial order [to leave],” she said. Central bank employees then began a three-day strike following the raid.

“The dignity of the institution and its employees comes first. We refuse to be treated with militia methods and we announce the strike”, said Abbas Awada, the head of the central bank’s employee union.

“We are not defending Riad Salameh but the institution, and we do not accept these methods.”

A separate statement by the bank's employees called on authorities to “intervene to put an end to these inappropriate behaviours by Judge Ghada Aoun, which deviate from all legal principles … so that we do not have to regret announcing an open strike.”

Riad Salameh has held the role of Lebanon's central bank governor for three decades. Reuters
Riad Salameh has held the role of Lebanon's central bank governor for three decades. Reuters

Prime Minister-designate Najib Mikati said the raid was “not the appropriate solution” to Mr Salameh's case.

“What is required is to solve this case with a prior political agreement on a central bank governor and then take the appropriate legal course after,” he said.

Mr Salameh is at the centre of two corruption investigations in Lebanon, but has failed to appear at several hearings.

A previous raid last month by Ms Aoun and security forces on Mr Salameh’s property in Rabieh, in northern Beirut, failed to locate him. Banque du Liban staff went on a one-day strike a week later to protest against “the unjust situation against the central bank and its employees, and to avoid later escalation”.

Mr Salameh is one of Lebanon’s most controversial figures and has held the governor role for three decades. An economic collapse that began in 2019 has plunged much of the population into poverty and seen the local currency lose more than 90 per cent of its value.

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

While you're here
Company%20profile
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Updated: July 19, 2022, 3:03 PM