Lebanon's central bank and former governor face damning preliminary audit

Lebanon's central bank faces a damning preliminary audit, revealing alleged financial misconduct under former governor Riad Salameh

It recommended"immediate action" to"introduce further governance, oversight and scrutiny measures to mitigate any further risk arising from BDL's misconduct".Salameh is the subject of judicial investigations at home and abroad into allegations including embezzlement.

The US Treasury said on Thursday that Forry was a"shell company" used"to divert approximately $330M from transactions involving the BdL". A&M's preliminary audit report said"there is evidence of the payment of illegitimate commissions during the period totalling $111M".

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