Lebanon central bank seeks to recuperate embezzled funds to bolster liquidity, governor says

BEIRUT: Lebanon’s central bank will seek the repayment of public funds embezzled by at least one former central bank official and by lawyers and commercial bankers, to help guarantee its liquidity, Central Bank Governor Karim Souaid said on Thursday. Souaid did not name Riad Salameh, the former central bank governor whose 30-year term ended in disgrace amid investigations into whether he embezzled more than $300 million between 2002 and 2015.

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