Arab Press

بالشعب و للشعب
Saturday, Nov 22, 2025

Lebanon Central Bank workers strike after judge raids HQ

Lebanon Central Bank workers strike after judge raids HQ

Judge Ghada Aoun was attempting to carry out an arrest warrant for the bank’s governor, Riad Salameh, who is accused of corruption.

Employees at Lebanon’s central bank have begun a three-day strike after a prosecuting judge attempted to arrest the bank’s governor.

Judge Ghada Aoun, who authorised a judicial raid on the Lebanon Central Bank headquarters in Beirut on Tuesday, has tried more than once to arrest Riad Salameh, Lebanon’s longtime central bank governor, and has openly accused the country’s politicians of protecting him from prosecution.

However, Salameh still commanded loyalty from his employees, who began their strike on Wednesday in protest at what they called the judge’s “militia” tactics.

Salameh is now being investigated in five European countries, as well as Lebanon, for possible money laundering and illicit enrichment.

In Europe, authorities have frozen more than 100 million euros worth of assets belonging to Salameh and a handful of associates as they investigate the apparent transfer of hundreds of millions of dollars from Lebanon’s central bank to a brokerage company registered to Salameh’s brother.

Aoun has charged Salameh with falsifying the budget of Lebanon’s central bank to hide losses.

The judge told Al Jazeera on Wednesday that she was uncertain about whether she would try to arrest Salameh again.

Aoun has previously attempted to execute the warrant at the governor’s private residence, but to no avail.

“I feel the people in the street must react. It’s their money. I’m facing a big mafia,” Aoun said, referring to the politicians she has said are protecting Salameh.

Aoun said she was first given permission to arrest Salameh from one judicial authority before another judicial authority revoked it. She entered the central bank’s building but did not enter Salameh’s office.

“It’s clear they don’t want to arrest him,” she said.

Lebanon’s economic collapse has seen the country’s currency lose 90 percent of its value since 2019, reducing the monthly minimum wage from the equivalent of $450 to less than $30 and plunging more than 80 percent of the country into poverty.

Banks have frozen depositors’ accounts in order to protect their own liquidity, robbing people of their savings overnight.

Earlier this year, Aoun arrested Salameh’s brother, Raja, on embezzlement and illicit enrichment charges. He was eventually released on a bail of $3.7m dollars, the highest ever paid in Lebanon.




Fallen reputation


Salameh, who has been governor of Lebanon’s central bank for three decades, was once lauded for policies that appeared to shield Lebanon from global financial downturns that harmed other countries.

But since the collapse of the currency, the methods Salameh himself referred to as “financial engineering” have increasingly begun to look like a euphemism for misrepresenting the country’s financial situation.

Prime Minister Najib Mikati’s office released a statement on the attempted arrest on Tuesday, saying that an investigation into Salameh would only go forward if there was a political agreement on naming a new central bank governor. Salameh’s current term does not expire until next year.

Documents reviewed by Reuters last week disputed previous claims Salameh had made regarding an audit of the bank that had taken place and cleared him of any wrongdoing.

Salameh and other bank employees have repeatedly refused to provide basic documents that would allow companies hired by the Lebanese government to perform a basic audit of the bank and its operations.

Salameh has argued that he is protected by the country’s banking secrecy laws. He has also previously said he would travel to Europe to answer questions in investigations into his finances there, but has not yet done so.

While Lebanon’s financial collapse may have appeared sudden, some bankers who worked with Salameh first raised issues decades ago.

In one of the diplomatic cables released by Wikileaks from 2007, sent to Washington by then-US Ambassador to Lebanon Jeffrey Feltman, there are echoes of all of the allegations now being formally investigated.

“Rumored corrupt behavior, a penchant for secrecy and extralegal autonomy at the Central Bank, past closeness with Syrian leaders, unwillingness to disclose the amount of Lebanon’s net foreign exchange reserves, and resistance to the oversight of an IMF program,” one of the cables read.

It goes on to mention Salameh’s brother specifically:

“Salameh signed a contract with Canadian firm British-American Banknote for printing the new Lebanese currency when be became BDL Governor in the early nineties. Salameh’s brother, Raja, is involved in the deal … Raja Salameh earned a commission on the deal then, and continues to earn a commission to date every time new banknotes are printed (as the quality of the paper is not good and the new currency has to be replaced every few years).”



Newsletter

Related Articles

Arab Press
0:00
0:00
Close
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
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
Saudi Crown Prince’s Washington Visit Aims to Advance Defence, AI and Nuclear Cooperation
Saudi Delegation Strengthens EU–MENA Security Cooperation in Lisbon
Saudi Arabia’s Fossil-Fuel Dominance Powers Global Climate Blockade
Trump Organization Engages Saudi Government-Owned Real-Estate Deal Amid White House Visit
Trump Organization Nears Billion-Dollar Saudi Real Estate Deal Amid White House Diplomacy
Israel Presses U.S. to Tie Saudi F-35 Sale to Formal Normalisation
What We Know Now: Donald Trump’s Financial Ties to Saudi Arabia
Saudi Arabia’s Ambitious Defence Wish List for Washington: From AI Drones to Nuclear Umbrella
Analysis Shows China, Saudi Arabia and UAE among Major Recipients of Climate Finance Loans
Why a Full Saudi–Israel Normalisation Deal Eludes Trump’s Reach
Trump Presses Saudi Arabia to Normalise Ties with Israel as MBS Prepares for White House Visit
US-Saudi Summit Set for November 18 Seeks Defence Pact and Israel Normalisation Momentum
Comcast CEO Brian Roberts Visits Saudi Arabia Amid Potential Bid for Warner Bros. Discovery
Cristiano Ronaldo Embraces Saudi Arabia’s 2034 World Cup Vision with Key Role
Saudi Arabia’s Execution Campaign Escalates as Crown Prince Readies U.S. Visit
Trump Unveils Middle East Reset: Syria Re-engaged, Saudi Ties Amplified
Saudi Arabia to Build Future Cities Designed with Tourists in Mind, Says Tourism Minister
Saudi Arabia Advances Regulated Stablecoin Plans with Global Crypto Exchange Support
Saudi Arabia Maintains Palestinian State Condition Ahead of Possible Israel Ties
Chinese Steel Exports Surge 41% to Saudi Arabia as Mills Pivot Amid Global Trade Curbs
Saudi Arabia’s Biban Forum 2025 Secures Over US$10 Billion in Deals Amid Global SME Drive
×