BEIRUT — A forensic audit into Lebanon’s main bank by a New York-based business has exposed yearslong misbehavior by the bank’s previous guv and $111 million in “illegitimate commissions,” according to a report by the business.
It’s the newest chapter in the legend of Lebanon’s embattled previous main bank guv Riad Salameh, 73, who ended his 30-year profession as guv last month under a cloud of examination and blame for his nation’s financial crisis.
A copy of the 331-page file by Alvarez & Marsal, seen by The Associated Press, was handed over to parliament on Friday. The audit was amongst secret needs by the global neighborhood and the International Monetary Fund, which over the years progressively lost self-confidence in crisis-hit Lebanon.
Lebanon’s federalgovernment and Alvarez & Marsal signed a agreement in September 2021 however the audit consequently stalled. It covers the duration inbetween 2015 and 2020; Lebanon’s financial crisis started in October2019
Alvarez & Marsal stated the main bank’s “refusal to supply direct gainaccessto to its systems and