Lebanon central bank chief’s brother skips fraud probe hearing ...Saudi Arabia

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BEIRUT: The brother of Lebanon’s central bank governor did not attend a hearing in Beirut on Tuesday with European investigators probing whether the siblings embezzled and laundered hundreds of millions of dollars in public funds over more than a decade. Governor Riad Salameh is being investigated alongside his brother Raja in Lebanon and in at least five European countries over allegedly taking more than $300 million from the central bank by collecting commissions as a fee from bond buyers then transferring the funds to Forry Associates, owned by Raja.

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