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Lebanon's president pledges to revive forensic audit of central bank
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Lebanon's President Michel Aoun speaks during a news conference at the presidential palace in Baabda, Lebanon October 21, 2020. Dalati Nohra/Handout via REUTERSBEIRUT (Reuters) - Lebanese President Michel Aoun said on Saturday that a forensic audit of the central bank was vital to combat corruption, and that he would get it back on track after the consultancy contracted to carry it out withdrew. “Our reality today is not promising,” the president said in a televised speech to mark Independence Day, adding that Lebanon was a prisoner of corruption, political scheming and external dictations. “If we want statehood, then we must fight corruption ... and this begins by imposing the forensic financial audit,” he said, adding he would not “back off” on the issue. Saad al-Hariri, the Sunni prime minister-designate under a sectarian power-sharing agreement, is struggling to form a cabinet amid turf wars.
Persons: Michel Aoun, Dalati, Aoun, , Alvarez, Marsal, Saad al, Hariri Organizations: REUTERS, Independence Locations: Baabda, Lebanon, Handout, REUTERS BEIRUT, Beirut,
BEIRUT (Reuters) - Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit of Lebanon’s central bank, according to three sources familiar with the matter. FILE PHOTO: A view of Lebanon's Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed AzakirThe Lebanese government hired the turnaround specialist this year to audit the central bank as the country grapples with a financial meltdown on a scale it has never seen before. The sources said Alvarez & Marsal had sent a new set of questions to the central bank. Central Bank Governor Riad Salameh did not respond to a request for comment.
Persons: Marsal, Mohamed Azakir, Alvarez, , Central Bank Governor Riad Salameh, Ibrahim Kanaan Organizations: Alvarez, Lebanon's, Bank, REUTERS, International Monetary Fund, Lebanese, Reuters, Marsal, Central Bank Governor, BEIRUT (Reuters) Locations: BEIRUT, Beirut, Lebanon, France, Lebanese
BEIRUT (Reuters) - Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit of Lebanon’s central bank, according to three sources familiar with the matter. FILE PHOTO: A view of Lebanon's Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed AzakirThe Lebanese government hired the turnaround specialist this year to audit the central bank as the country grapples with a financial meltdown on a scale it has never seen before. The sources said Alvarez & Marsal had sent a new set of questions to the central bank. Central Bank Governor Riad Salameh did not respond to a request for comment.
Persons: Marsal, Mohamed Azakir, Alvarez, , Central Bank Governor Riad Salameh, Ibrahim Kanaan Organizations: Alvarez, Lebanon's, Bank, REUTERS, International Monetary Fund, Lebanese, Reuters, Marsal, Central Bank Governor, BEIRUT (Reuters) Locations: BEIRUT, Beirut, Lebanon, France, Lebanese
BEIRUT (Reuters) - Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit of Lebanon’s central bank, according to three sources familiar with the matter. FILE PHOTO: A view of Lebanon's Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed AzakirThe Lebanese government hired the turnaround specialist this year to audit the central bank as the country grapples with a financial meltdown on a scale it has never seen before. The sources said Alvarez & Marsal had sent a new set of questions to the central bank. Central Bank Governor Riad Salameh did not respond to a request for comment.
Persons: Marsal, Mohamed Azakir, Alvarez, , Central Bank Governor Riad Salameh, Ibrahim Kanaan Organizations: Alvarez, Lebanon's, Bank, REUTERS, International Monetary Fund, Lebanese, Reuters, Marsal, Central Bank Governor, BEIRUT (Reuters) Locations: BEIRUT, Beirut, Lebanon, France, Lebanese
BEIRUT (Reuters) - Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit of Lebanon’s central bank, according to three sources familiar with the matter. FILE PHOTO: A view of Lebanon's Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed AzakirThe Lebanese government hired the turnaround specialist this year to audit the central bank as the country grapples with a financial meltdown on a scale it has never seen before. The sources said Alvarez & Marsal had sent a new set of questions to the central bank. Central Bank Governor Riad Salameh did not respond to a request for comment.
Persons: Marsal, Mohamed Azakir, Alvarez, , Central Bank Governor Riad Salameh, Ibrahim Kanaan Organizations: Alvarez, Lebanon's, Bank, REUTERS, International Monetary Fund, Lebanese, Reuters, Marsal, Central Bank Governor, BEIRUT (Reuters) Locations: BEIRUT, Beirut, Lebanon, France, Lebanese
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