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Lebanon’s Salameh to remain in detention until hearing is scheduled, sources say

BEIRUT (Reuters) -Former Lebanese central bank chief Riad Salameh, who was arrested on Tuesday over alleged financial crimes, will remain in detention until a hearing is scheduled, likely next week, two judicial sources told Reuters on Wednesday.

After he is interrogated, the presiding judge can decide whether to keep him in detention, the sources said, adding that no decision had yet been taken on the matter.

Salameh, 73, was the bank governor for 30 years but his final years were marred by charges of financial crimes, including illicit enrichment through public funds, by authorities in Lebanon and several Western countries.

The former central bank chief was accused of accruing more than $110 million via financial crimes involving Optimum Invest, a Lebanese firm that offers income brokerage services.

Neither Salameh nor his lawyer responded to requests for comment on Tuesday. Salameh has previously denied all accusations of financial crimes.

This post appeared first on investing.com

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