Hearing Begins for Bank Officials on Capital Flight
Financial Prosecutor Judge Ali Ibrahim began a hearing on “suspicious” amounts of money transferred abroad after the October 17 uprising, the National News Agency reported on Monday.
NNA said the Judge will begin hearing arguments from several bank owners and chairmen related to funds transferred to swiss banks, and the sale of Eurobonds by local banks to foreign investors including Ashmore Group Plc.
In consecutive hearing sessions, judge Ibrahim and seven other judges of the financial public prosecution will hear the arguments of head of the Association of Banks in Lebanon Salim Sfeir, and arguments of the chairman of fourteen of Lebanon’s banks, said the agency.
Source: Naharnet
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