A new lawsuit targets Riad Salameh... suspicions of embezzlement and money laundering through a company linked to “Forry”

Sources close to Banque du Liban told LBC that a new lawsuit has been filed against former central bank governor Riad Salameh, along with two bankers working at two different banks, over financial suspicions related to “V-Invest,” the legal successor to “Forry.”

According to the information, the suspicions center on the use of the company as a financial front to channel transfers linked to transactions carried out by Banque du Liban with a number of commercial banks. The funds were allegedly first transferred to the company’s accounts, before part of them was redistributed to accounts belonging to people close to Salameh and his family, directly or indirectly, through financial operations suspected of being unjustified or fictitious.

The sources indicated that the mechanism employed was aimed at concealing the true beneficiaries of the transfers, which, if the facts are proven, could amount to crimes of embezzlement, money laundering, and illicit enrichment at the expense of public funds and depositors’ rights.