GENEVA: Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is accused of embezzling, Swiss media reported on Sunday (Feb 26). Salameh, 72, faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon
GENEVA: Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is accused of embezzling, Swiss media reported on Sunday .
Salameh categorically denies all accusations against him and has rarely appeared before the judiciary, despite numerous complaints, summonses, investigations and a travel ban issued against him a year ago. Other amounts ended up with UBS, Credit Suisse, Julius Baer, EFG and Pictet, with the transactions carried out using an offshore company registered in the British Virgin Islands, the report added.
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