Lebanon’s chief central banker denies misuse of public funds

Beirut, November 18th : Riad Salameh, the Governor of Lebanons Central Bank, has refuted media claims that he had transferred public money to his brothers company.

Salameh stated in a statement, "not one penny" was taken out of public funds for fees or commissions to Forry Associates Ltd.His brothers investments and transactions have been the subject of numerous media reports.Salameh said his opponents had disseminated the false information.

Salameh claimed that his adversaries had spread the incorrect information.He said that the source of his wealth was "clear and documented," as he had been a successful private banker at Merrill Lynch for around 20 years with an annual income of about $2 million before he left that company in 1993, Xinhua news agency reported.

According to Xinhua, he claimed that his wealth came from Merrill Lynch.He had worked as a private banker for about 20 years and earned an average of $2 million per year before he quit the company in 1993.

Salameh recently came under heavy criticism following the collapse of the Lebanese pound.Salameh was recently heavily criticised after the collapse of Lebanese pounds.

He was accused of enriching himself and his inner circle through years of corruption.Through years of corruption, he was accused of enriching himself as well as his circle.int/khz/ #central #banker #misuse #public #funds.