Swiss authorities have opened an investigation into money transfers by Lebanon’s Central Bank Governor Riad Salameh, a Lebanese government official told Reuters on Tuesday.
“Both the prime minister and the president are in the loop” on the inquiry which is also looking into Salameh’s brother and assistant, said the official who asked to remain anonymous.
A source familiar with the case said the Swiss asked Lebanese authorities via the embassy to ask Salameh, his brother and assistant “specific questions” about transfers abroad made in recent years that amount to nearly $350 million.
Lebanon’s crippled banking system is at the heart of a financial crisis that erupted in late 2019. Banks have since blocked most transfers abroad and cut access to deposits as dollars grew scarce.