Saudi Press

Saudi Arabia and the world
Friday, Nov 28, 2025

Demands grow for dismissal of Lebanese central bank governor amid economic crisis

Demands grow for dismissal of Lebanese central bank governor amid economic crisis

Ten reformist MPs issued a joint statement on Thursday demanding the immediate removal of Riad Salameh from his position as central bank governor.
The MPs condemned Salameh’s approach of “financing the policies of successive governments without accountability” and pledged to form a parliamentary investigation committee.

Lebanese newspaper Al-Nahar reported on Thursday that Parliament Speaker Nabih Berri and caretaker Prime Minister Najib Mikati requested Salameh’s resignation in a letter.

It said, however, that the governor categorically refused to step down before the end of his term in July as that would be an “admission of (guilt regarding) the accusations against him, which is unacceptable.”

A judicial source said the Lebanese Public Prosecution had not yet received any memorandum from France over 48 hours after the issuance of the French judicial decision to prosecute and arrest Salameh.

“If the memo arrives, the Lebanese judiciary will request Salameh’s case, which is with the French judiciary, to know the charges against him,” the source said.

Consequently, Salameh would be tried in Lebanon and before the Lebanese judiciary, the source added, and would not be handed over to the French authorities, as happened with Lebanese businessman Carlos Ghosn.

The French judge responsible for investigating Salameh’s funds and assets in Europe, Aude Buresi, issued an international arrest warrant against Salameh after he failed to attend his questioning session before a Paris court, which was scheduled for May 16.

The European investigation — involving France, Germany, and Luxembourg — focuses on the relationship between Banque du Liban and Forry Associates, owned by the governor’s brother, Raja Salameh.

The company is registered in the British Virgin Islands, with an office in Beirut, and is alleged to be a shell company used to transfer money out of Lebanon to European banks.

It is suspected that more than $330 million were embezzled from the central bank through a grant contract with the company, in addition to illegal commissions from local Lebanese banks.

Salameh did not appear before the first investigating judge, Charbel Abou Samra, in Beirut on Thursday as part of the Lebanese investigations.
He — along with his brother Raja and his assistant Marianne Hoayek — has been indicted for crimes including embezzlement of public funds, money
laundering, forgery, use of counterfeits, illicit enrichment, and tax evasion.

The legal representatives of the accused appeared before Judge Abou Samra to inquire about the court’s response to the formal objections raised by them.

They had demanded the removal of the Cases Authority at the Ministry of Justice from the case due to lack of jurisdiction.

Judge Abou Samra, however, rejected the objections, saying that the involvement of the Cases Authority in the lawsuit was legally justified.

He also scheduled June 15 for Raja Salameh’s interrogation.

The date for the interrogation of Riad Salameh and Hoayek will be determined later.

Salameh’s defense attorneys did not appeal Judge Abou Samra’s decision.

Despite the charges against him, Salameh is still considered a suspect in the Lebanese investigations.

The judicial source said that the issuance of the indictment made him an accused person, and the judgment made him a convicted person.

The demands for Salameh’s dismissal from his position grew on Thursday because of the judicial developments.

This step requires a Cabinet session, but there are differences of opinion regarding the legitimacy of holding such a meeting in light of the caretaker government and the presidential vacuum.

Samir Hammoud, former head of the Banking Control Commission, said: “The decision to circulate Salameh’s name to Interpol seems to have been made in advance, and what is happening in the judiciary is still within the preliminary procedures.”

Hammoud said Lebanon was experiencing an unprecedented financial crisis, ongoing in the context of the presidential vacuum, the presence of a caretaker government and the controversy over its powers to appoint a new central bank governor.

Ten reformist MPs issued a joint statement on Thursday demanding “the immediate removal of the accused, Riad Salameh, from his position.”

The MPs questioned: “Is it acceptable for the person pursued in these heinous and dangerous crimes to remain at the helm of governance, given the powers granted to him to oversee the safety of the national currency and the financial system?

“Is it acceptable for the Lebanese judiciary to engage in unpredictable adventures aimed at covering up the governor’s reluctance to attend investigation sessions in France?”

In the joint statement, opposition parties and groups emphasized that “the issuance of an international arrest warrant against Salameh is a crucial milestone in holding the ruling political and financial class accountable, which has become accustomed to general amnesty and impunity despite their numerous crimes against the Lebanese people.”

They stressed that “the extremely serious and unprecedented charges against the governor of the central bank necessitate his immediate removal from his position.”

The arrest warrant, they said, “represents a historic and very dangerous precedent for Lebanon’s financial reputation and evidence of the state’s decay due to the absence of accountability and supervision under the rule of the mafia and militia.”

They added: “The governor must resign immediately, in compliance with the principle of responsibility and the relevant provisions of the Code of Money and Credit, which hold the pursued governor accountable for his dereliction of duty and gross mismanagement of affairs.”

The opposition parties and groups hold the parliament responsible for the vacancy in the governorship of the central bank, as it has thus far failed to elect a president.

A president can serve as a gateway to reconstitute an executive authority with full powers to appoint a governor, they added.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Will Saudi Arabia End Up Bankrolling Israel’s Post-Ceasefire Order in Lebanon?
Saudi Arabia’s SAMAI Initiative Surpasses One-Million-Citizen Milestone in National AI Upskilling Drive
Saudi Arabia’s Specialty Coffee Market Set to Surge as Demand Soars and New Exhibition Drops in December
Saudi Arabia Moves to Open Two New Alcohol Stores for Foreigners Under Vision 2030 Reform
Saudi Arabia’s AI Ambitions Gain Momentum — but Water, Talent and Infrastructure Pose Major Hurdles
Tensions Surface in Trump-MBS Talks as Saudi Pushes Back on Israel Normalisation
Saudi Arabia Signals Major Maritime Crack-Down on Houthi Routes in Red Sea
Italy and Saudi Arabia Seal Over 20 Strategic Deals at Business Forum in Riyadh
COP30 Ends Without Fossil Fuel Phase-Out as US, Saudi Arabia and Russia Align in Obstruction Role
Saudi-Portuguese Economic Horizons Expand Through Strategic Business Council
DHL Commits $150 Million for Landmark Logistics Hub in Saudi Arabia
Saudi Aramco Weighs Disposals Amid $10 Billion-Plus Asset Sales Discussion
Trump Hosts Saudi Crown Prince for Major Defence and Investment Agreements
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
Riyadh Metro Records Over One Hundred Million Journeys as Saudi Capital Accelerates Transit Era
Trump’s Grand Saudi Welcome Highlights U.S.–Riyadh Pivot as Israel Watches Warily
U.S. Set to Sell F-35 Jets to Saudi Arabia in Major Strategic Shift
Saudi Arabia Doubles Down on U.S. Partnership in Strategic Move
Saudi Arabia Charts Tech and Nuclear Leap Under Crown Prince’s U.S. Visit
Trump Elevates Saudi Arabia to Major Non-NATO Ally Amid Defense Deal
Trump Elevates Saudi Arabia to Major Non-NATO Ally as MBS Visit Yields Deepened Ties
Iran Appeals to Saudi Arabia to Mediate Restart of U.S. Nuclear Talks
Musk, Barra and Ford Join Trump in Lavish White House Dinner for Saudi Crown Prince
Lawmaker Seeks Declassification of ‘Shocking’ 2019 Call Between Trump and Saudi Crown Prince
US and Saudi Arabia Forge Strategic Defence Pact Featuring F-35 Sale and $1 Trillion Investment Pledge
Saudi Sovereign Wealth Fund Emerges as Key Contender in Warner Bros. Discovery Sale
Trump Secures Sweeping U.S.–Saudi Agreements on Jets, Technology and Massive Investment
Detroit CEOs Join White House Dinner as U.S.–Saudi Auto Deal Accelerates
Netanyahu Secures U.S. Assurance That Israel’s Qualitative Military Edge Will Remain Despite Saudi F-35 Deal
Ronaldo Joins Trump and Saudi Crown Prince’s Gala Amid U.S.–Gulf Tech and Investment Surge
U.S.–Saudi Investment Forum Sees U.S. Corporate Titans and Saudi Royalty Forge Billion-Dollar Ties
Elon Musk’s xAI to Deploy 500-Megawatt Saudi Data Centre with State-backed Partner HUMAIN
U.S. Clears Export of Advanced AI Chips to Saudi Arabia and UAE Amid Strategic Tech Partnership
xAI Selects Saudi Data-Centre as First Customer of Nvidia-Backed Humain Project
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
President Trump Hosts Saudi Crown Prince Mohammed bin Salman in Washington Amid Strategic Deal Talks
Saudi Crown Prince to Press Trump for Direct U.S. Role in Ending Sudan War
Trump Hosts Saudi Crown Prince: Five Key Takeaways from the White House Meeting
Trump Firmly Defends Saudi Crown Prince Over Khashoggi Murder Amid Washington Visit
Trump Backs Saudi Crown Prince Over Khashoggi Killing Amid White House Visit
Trump Publicly Defends Saudi Crown Prince Over Khashoggi Killing During Washington Visit
President Donald Trump Hosts Saudi Crown Prince Mohammed bin Salman at White House to Seal Major Defence and Investment Deals
Saudi Arabia’s Solar Surge Signals Unlikely Shift in Global Oil Powerhouse
Saudi Crown Prince Receives Letter from Iranian President Ahead of U.S. Visit
Saudi Arabia’s Crown Prince Begins Washington Visit to Cement Long-Term U.S. Alliance
Saudi Crown Prince Meets Trump in Washington to Deepen Defence, AI and Nuclear Ties
Saudi Arabia Accelerates Global Mining Strategy to Build a New Economic Pillar
Crown Prince Mohammed bin Salman Arrives in Washington to Reset U.S.–Saudi Strategic Alliance
Saudi-Israeli Normalisation Deal Looms, But Riyadh Insists on Proceeding After Israeli Elections
Saudis Prioritise US Defence Pact and AI Deals, While Israel Normalisation Takes Back Seat
×