London Daily

Focus on the big picture.
Monday, Jul 27, 2026

EU delegation set to open investigation into governor of Lebanon’s central bank

EU delegation set to open investigation into governor of Lebanon’s central bank

A judicial delegation from France, Germany and Luxembourg will open its investigation into the activities of Lebanon’s central bank and its governor, Riad Salameh, in Beirut on Monday. It is expected to continue until Friday.
Salameh is facing prosecution in cases relating to money transfers from Lebanon to banks in those European countries, the sources of the funds and the extent to which they might be linked to corruption, money laundering and financial crimes in Europe.

Arab News understands the Central Criminal Investigation Division affiliated with the Public Prosecution Office in Lebanon has informed those who have been called for questioning of the dates on which they are expected to attend the Justice Palace in Beirut, beginning early next week. They include 15 banking officials, including current and former vice-governors of the central bank. Salameh himself will not be questioned at this stage, a judicial source said.

In March 2022, European authorities froze $130 million of Lebanese assets, and targeted Salameh and four people close to him for investigation in relation to alleged embezzlement of public funds.

Judge Ghassan Oweidat, Lebanon’s public prosecutor, met on Thursday with a diplomatic delegation from the embassies of France, Germany and Luxembourg at the Justice Palace. The Lebanese judiciary has expressed disapproval of the way it is being treated in the case.

Lebanese authorities were officially informed by letter that a judicial delegation from the three European countries would be arriving in Lebanon to conduct their investigation. The delegation includes public prosecutors and specialist financial judges, who told Lebanese authorities about their visit in the letter without formally requesting authorization to conduct their investigation.

This was a strange and an unprecedented move, according to the judicial source, who also questioned what it means for the sovereignty and relevance of the Lebanese state if foreign countries can simply grant themselves the authority to conduct investigations on its soil.

He also said it was surprising that the representatives of the three European countries had only informed the Lebanese judiciary of the date of the delegation’s arrival in Beirut to conduct its investigation and the names of the individuals to be questioned, without requesting the judiciary’s assistance or cooperation. This undermines and violates the authority of the Lebanese judiciary, he added.

“The foreign judicial delegation doesn’t have the right to arrive in Lebanon and conduct investigations without a letter of request,” the source said.

“The Convention against Corruption signed by Lebanon requires it to meet the demands of foreign judicial authorities, provided that they comply with the Lebanese laws.”

Salameh has faced harsh criticism for his monetary policies and financial engineering operations, which have been blamed for contributing to the accumulation of debt and eventual collapse of Lebanon’s economy.

The French financial judiciary has been investigating him since 2021 on charges of money laundering and embezzlement. He has been governor of the central bank since 1993 and his term is set to end in May.

Switzerland has also been investigating allegations of embezzlement in the central bank, with Salameh and his brother the main suspects.

During their meeting, Judge Oweidat and the delegates went through the due process followed by Lebanon in such cases. The investigation will take place at the hall of the Court of Cassation at the Justice Palace in Beirut and the judicial source said Oweidat and the delegates agreed a protocol to be followed during the investigation. It requires investigators to direct their questions to witnesses through Lebanese judges who will be present during the sessions, rather then directly to the individuals being questioned, who have the right to have lawyers present.

“If the European judges want to make any claims, they should do so in their countries and not during the investigation sessions in Lebanon,” the judicial source said.

“After the claim, a refund request should be sent to Lebanon. What is certain is that no action can be taken against any Lebanese who was interrogated and investigated during the hearing.”

The source said the Lebanese judiciary cannot extradite any Lebanese citizen to any other country for prosecution in the case, even if there are signed conventions in place between the countries. Any prosecution of a Lebanese citizen will take place in Lebanese territory, similar to what happened in the case of Ziad Takieddine, he added.

Takieddine is a 72-year-old Lebanese-French businessman accused by the French judiciary of financial crimes. He was a key witness in an investigation into alleged Libyan financing of former French President Nicolas Sarkozy’s 2007 election campaign. He told French investigators in 2016 that he gave Sarkozy and his office manager €5 million ($5.3 million) to fund Sarkozy’s campaign. He was detained in Lebanon in 2020 and where he faced a French investigation but was tried by the Lebanese judiciary.

Similarly, in 2021 French investigators visited Lebanon to question Lebanese businessman Carlos Ghosn. Their questions were directed to a Lebanese judge who, in turn, put them to Ghosn.

The judicial source added: “The French know this protocol in Lebanon because they have experienced it before.”
Newsletter

Related Articles

0:00
0:00
Close
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
Autopsy Finds No Violence in Death of Epstein-Linked Model Scout
Indian Education Minister Resigns After Cockroach Youth Protests
California Desert Data-Centre Plan Stalls as Water and Power Disputes Mount
Northern Ireland Border Security Tightened After Military-Grade Explosive Interception
British Hospitality Sector Targets Summer Visitors Through Regional Promotions
England River Access Debate Intensifies After New Data Shows Limited Public Access
Royal Navy Strengthens Maritime Vigilance Amid Rising Security Concerns
UK Education Department Expands Mental Health Support for Young People Entering Work
UK Tourism Industry Launches Summer Campaigns to Boost Domestic Travel
North England Transport Plans Advance to Support Industrial Growth
Financial Markets Watch New Government’s Economic Strategy as Investors Assess Fiscal Risks
Royal Navy Continues Monitoring Russian Naval Activity Near UK Waters
UK Care Workers May Receive Immigration Exemptions Under Proposed Visa Changes
Health Secretary Yvette Cooper Begins Emergency Talks to Address NHS Staffing Shortages
UK Banks Launch High-Interest Savings Offers to Attract Household Deposits
North Sea Oil Drilling Projects Face Delays After Offshore Equipment Accident
Cairngorms Wildfire Highlights Growing Pressure on UK Emergency Services
UK Government Borrowing Plans Put Pressure on Ten-Year Gilt Markets
Royal Navy Aircraft Carrier HMS Prince of Wales Returns After NATO Northern Flank Mission
Metropolitan Police Opens Criminal Investigation Into Reform UK Political Donations
Scottish Government Requests Military Support as Cairngorms Wildfire Forces Emergency Response
Andy Burnham Takes Office as UK Prime Minister and Unveils New Cabinet Team
War, Youth Revolt and the Global Struggle for Control
War, Power and the Rising Price of Political Decisions
High Street Sales Suffer Sharpest Summer Decline in Five Years
Wales Approves Higher Taxes on Second Homes and Long-Term Empty Properties
Environment Agency Imposes Record £150 Million Penalty on Water Companies
UK Competition Watchdog Blocks U.S. Takeover of Cambridge Chip Designer
Scotland Unveils Land Reform Bill to Expand Renewable Energy Projects
Northern Ireland Secures £500 Million Technology Investment for Belfast Cybersecurity Hub
NHS Rolls Out AI Triage System Across Major Hospitals in England
UK Strengthens North Sea Naval Cooperation With European Allies
UK Chancellor Commits £7 Billion to Accelerate Manchester-Leeds Rail Link
Bank of England Signals Interest Rate Cuts After Inflation Falls Below Target
Badenoch Rejects Grant Shapps' Bid to Return as Conservative Candidate
BAE Chief Warns Britain Has Underestimated the Risk of War
Burnham Rules Out New Scottish Independence Referendum in First Talks With Swinney
UK Government Strengthens Northern Economic Agenda Through Manchester Headquarters and Regional Partnerships
United Kingdom Opens New Furness Peninsula Coastal Route Under King Charles the Third England Coast Path
England Reduces Business Costs for Hospitality Sector Through New Relief Package
United Kingdom Allocates Seven Point Three Million Pounds for Zero-Emission Aviation Research
United Kingdom Begins Restoration Works on Portishead Railway Line After Six Decades Without Passenger Services
United States Tariff Measures Create New Trade Challenges for United Kingdom and European Union Businesses
Prime Minister Andy Burnham Meets Scottish and Welsh Leaders to Promote Regional Growth Cooperation
United Kingdom Government Announces Twenty Percent Business Rates Cut for Pubs, Clubs, and Music Venues
Prime Minister Andy Burnham Opens Manchester Government Headquarters to Shift Decision-Making Away From Westminster
United Kingdom Defence Ministry Says Armed Forces Ready After Iran Accuses London Over US Military Strikes
United Kingdom Inflation Falls to Two Point Six Percent as Prime Minister Andy Burnham Gains Economic Breathing Room
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
×