Home Bahaa Al Hariri Salameh’s secrets split Lebanon’s ruling elite

Salameh’s secrets split Lebanon’s ruling elite

270
32

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

Salameh’s secrets split Lebanon’s ruling elite

Steven Sahiounie, journalist and political commentator Riad Salameh is splitting Lebanon into those who defend him, and those who demand he leave his job as governor of the central bank of Lebanon, Banque du Liban (BDL).

Steven Sahiounie, journalist and political commentator

Riad Salameh is splitting Lebanon into those who defend him, and those who demand he leave his job as governor of the central bank of Lebanon, Banque du Liban (BDL).  France, Germany, Switzerland and Luxemburg have all sent letters to Beirut requesting information on the personal finances of Salameh, which support the credible accusations of money laundering and fraud.

Salameh has been on the job for 30 years and holds the secrets of the state, as well as secrets of the political elite who stand accused by the public for the economic meltdown which has been termed by the World Bank as the worst decline of any country since 1850.

President Michel Aoun is demanding Salameh leave his position, while Prime Minister Najib Mikati and the Speaker of the Parliament, Nabih Berri, are defending Salameh.  Mikati and Berri are both extremely wealthy businessmen, as well as powerful political elite, and their defense of Salameh may be calculated as a personal benefit, and not in the interests of the citizens they are supposed to be working for.

Mikati has gone so far as to ask prosecutor general Ghassan Oueidat to prevent the search of several banks, part of magistrate Jean Tannous’ investigation of Salameh for “embezzlement at the expense of the Bank of Lebanon” and “aggravated money laundering.”

Saad Hariri, former Prime Minister, now self-proclaimed retired from politics, had been part of a troika with Nabih Berri and Walid Jamblatt.  This threesome is regarded as part of the corruption in Lebanese politics, and have supported Salameh.

President Aoun has asked for an impartial central bank audit, and on Thursday stressed that “the financial criminal audit of Banque du Liban should reach practical results, while steering clear of personal interests.”  Aoun added the Lebanese people “have the right to know where their life savings went. Any party that says otherwise has certainly benefited from the wrong practices in managing the affairs of the state and its institutions, especially BDL. These parties are waging campaigns against me and continue to mislead public opinion.”

Security forces arrived at Salameh’s home on Tuesday to arrest him; however, another branch of the security forces were stationed outside protecting him from arrest in a display of sectarian politics so ingrained in Lebanon.

Judge Ghada Aoun insists that Salameh must be prosecuted after he failed to appear three times as a witness in a criminal case brought by the group The People Want to Reform the System over allegations of “unjust enrichment, money laundering and wasting public funds.” Judge Aoun accused the security services of being “an accomplice” and added that she has the right “to punish any employee seeking to violate the rule of law.”

President Aoun has continued to demand answers about “the fate of $69 billion lost out of the $86 billion deposited by Lebanese banks in BDL, knowing that what the Lebanese state borrowed in foreign currencies from BDL did not exceed $5 billion.”

The main commercial banks in Lebanon have warned that they would shut down their operations and that their CEOs would leave Lebanon should Salameh be arrested; however, the banks “would not object if the cabinet decides to remove Salameh from his post and appoint a successor in a legal and sound manner.”

The government started a chain reaction in 2019 when attempting to charge people for WhatsApp calls which are free.  The people took to the streets and protests turned violent.  The unresolved economic crisis has driven an estimated four million families into poverty in the last two years, unable to afford basic necessities like food or medical care, and according to the United Nations Economic and Social Commission for Western Asia, the poverty rate in Lebanon has nearly doubled from 42% in 2019 to 82% in 2021.

Lebanon has been grappling with what the World Bank calls a “deliberate depression orchestrated by the country’s elite” that “has come to threaten the country’s long-term stability and social peace.” The World Bank added, “The collapse is occurring in a highly unstable geo-political environment making the urgency of addressing the dire crisis even more pressing.”

Ongoing fuel shortages continue to trigger rolling blackouts across the country, while food insecurity in Lebanon has led retailers to hoard products such as baby formula, therefore raising prices of one box of formula to over 85,000 Lebanese pounds (more than $55), and the cost of sunflower oil has also seen a 1,169 percent increase between 2019 and 2021.

The devastating explosion of Beirut’s port in the summer of 2020 killed over 200 people, injured countless others and devastated the capital already reeling from the economic crisis.

On Friday, alarms were sounded in Israel as a radio-controlled aircraft flew overhead, sending jets into the sky and activating the “Iron Dome” interceptors.  The drone was made by Hezbollah in Lebanon and is called Hassan.  It flew over occupied Palestine for 40 minutes and covered 70 kilometers before returning safely. Hassan Nassarallah, leader to Hezbollah, spoke on Thursday and told the Israeli that the resistance does not need to import any weapons, as they are being made locally in Lebanon, and especially the drones and accurate missiles.

With this announcement by the resistance, they have moved the conflict with Israel to a higher level, and it can be seen that the resistance in the next open conflict with Israel will be able to target and possibly shoot down Israeli jets for the first time.

The Lebanese Armed Forces (LAF) is experiencing a shortage of basic supplies and has lost more than 5,000 soldiers due to desertion because of the crisis, after their salaries fell to about $30.00 per month due to the currency devaluation.

Lebanese Foreign Minister Abdallah Bou Habib said on Friday, “We want to protect our interests in this area rich in natural gas and the most important thing for Lebanon is to start oil and gas exploration.”

Line 23 achieves Lebanon’s interests, according to Bou Habib, who said that the 860 square km area offered is almost double that previously suggested by the US, which had been rejected by the Lebanese authorities.  Israel and Lebanon began US-mediated talks in 2020 which would include at least part of the Karish North field, initially claimed by Israel.

Steven Sahiounie is a two-time award-winning journalist

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

32 COMMENTS

  1. I have made 96,760 Buck just last month by working online from my home. I am a full time college student and just doing this in my free time for few hours per week by using my laptop.Everyone can check this out and start making cash online in a very easy way by just following instructions……

    open this link HERE↠↠↠☛ http://Www.jobsRevenue.com

  2. I get paid more than 💰$120 to 💰$750 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily 💰$27360 from this without having online working skills . Simply give it a shot on the accompanying site…
    more details……..https://Www.Worksclick.Com


  3. [ JOIN US ] I get paid more than $120 to $350 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $24000k from this without having online working skills . Simply give it a shot on the accompanying site…
    Here is I started.…………>> http://Www.NETCASH1.Com

  4. These are 2 pay checks $78367 and $87367. that i received in last 2 months.I am very happy that i can make thousands in my part time and now i am enjoying my life.Everybody can do this and earn lots of dollars from home in very short time period.Just visit this website now. ☛☛☛☛☛☛☛☛ http://www.pays11.com

  5. magnificent submit, very informative. I wonder
    why the opposite specialists of this sector do
    not understand this. You must proceed your writing. I am confident, you have a huge readers’ base already!

  6. Howdy! I could have sworn I’ve been to this site before but
    after checking through some of the post I realized it’s new to me.
    Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back often!

  7. Hey there! I just would like to offer you a huge thumbs up for the excellent
    info you have got here on this post. I will be returning to your site for more soon.

  8. Pretty nice post. I just stumbled upon your weblog and wished to say that I have truly loved surfing around your blog posts.
    In any case I’ll be subscribing on your feed and I’m hoping you write once more very soon!

  9. Thanks for every other informative site. Where else may I get
    that kind of information written in such a perfect method?
    I’ve a challenge that I am simply now running on, and I’ve been on the look out
    for such info.

  10. Do you mind if I quote a couple of your articles as long as
    I provide credit and sources back to your webpage? My blog is in the exact same area of interest as yours and
    my visitors would truly benefit from some of the information you provide
    here. Please let me know if this alright with you. Thanks!

  11. I’m now not sure the place you are getting your info, but great topic.
    I needs to spend some time learning much more or understanding more.

    Thanks for wonderful information I was looking for
    this info for my mission.

  12. I think this is one of the most significant info
    for me. And i am glad reading your article.
    But should remark on some general things, The web
    site style is great, the articles is really great : D. Good job, cheers

  13. I’ve learn several good stuff here. Certainly value bookmarking for revisiting.
    I wonder how a lot effort you set to make such a wonderful
    informative site.

  14. Asking questions are genuinely good thing if you are not understanding anything
    totally, however this article offers good understanding yet.

  15. I do consider all of the concepts you have presented to your post.
    They are really convincing and can certainly work. Still, the
    posts are very quick for starters. Could you please prolong them a bit from next time?
    Thank you for the post.

  16. At this time it looks like Movable Type is the best blogging platform out there right
    now. (from what I’ve read) Is that what you are using on your blog?

  17. I am not sure where you are getting your info, but good topic.
    I needs to spend some time learning much more or
    understanding more. Thanks for great information I
    was looking for this info for my mission.

  18. Undeniably consider that whih you stated. Your
    favorite reason appeared to be at the net the easiest thing to consider of.
    I say to you, Idefinitely get annoyed even as other folks think about concerns thbat they plainly don’t understand about.
    Yoou managed to hit the nail upon the topp and also defined out the entire thng with
    no need side effect , other folks can take a signal.
    Will probably be back to gget more. Thank you

    my webpage: Pornhub

  19. Hey! Someone in my Facebook group shareed this site with us so
    I came to look it over. I’m definitely enjoying the information. I’m book-marking and will be tweeting thyis to my followers!

    Wonderful blog and terrific design and style.

    My web blog SexCamsClub

  20. I don’t leave a great deal of responses, however after reading through a great deal of remarks here Salameh’s secrets split Lebanon’s ruling elite
    | Verity Weekly. I do have some quedstions for you if yyou tend not to mind.
    Is it only me or ddo some of the remarks look as if they are written by brain deaqd visitors?
    😛 And, if you are writing at other online sites,I’d like to keep up with
    everything new you have to post. Could yoou list of the complete urls of
    all your public pages like your linnkedin profile,
    Facebook page or twitter feed?

    Herre iss my web-site; best possible live sex

LEAVE A REPLY

Please enter your comment!
Please enter your name here