Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Banque du Liban to Sue Bloomberg after US Sanctions Report


Sat 06 Mar 2021 | 03:52 AM
Taarek Refaat

Banque du Liban Governor Riad Salameh said on Friday that  he would file a series of lawsuits against Bloomberg news platform after it published a report concerning U.S sanctions against him.

Washington has denied considering imposing any sanctions on Salameh, whose role in the country's financial meltdown has come into question.

Bloomberg has previously reported, based on private sources, that the administration of the U.S. President Joe Biden is considering imposing sanctions on the governor against the background of investigations into transferring funds abroad.

According to agency sources, officials in the U.S. administration discussed the possibility of taking coordinated measures with European partners against Salameh, who has headed the Central Bank of Lebanon for 28 years.