Corruption and Money Laundering: Exposing the Web of Influence and Crime in Lebanon

2023-09-08 17:20:58

Representative Jamil Al-Sayyed wrote on his account on the “X” platform (formerly Twitter): “Following the footsteps of Riad Salama, there is no senior employee like Salama who has been able to buy and recruit, with the money of depositors and corruption, leaders, presidents, ministers, deputies, judges, officers, clerics, the media, media institutions, television, and newspapers.” And websites to the point where he began to see himself as a god who might not be touched!

He added, “In fairness, Riad Salama is an example of several officials who are close to the leaders, including ministers, judges, officers, and directors from all sects, who head corrupt institutions, funds, companies, and departments in the state and who resemble Riad Salama in miniature!”

He continued, “One of these miniature versions of Riad Salama is Muhammad Al-Hout, Chairman of the Board of Directors of the Middle East Company, which is owned by the Lebanese state with the funds of the Lebanese through the Bank of Lebanon, and who has committed far more than Riad Salama committed since his appointment, without accountability or oversight, violating all laws, by consent and without consent.” Consensus, corruption, buying receivables, selling benefits, services, and travel to presidents, leaders, ministers, representatives, clerics, financiers, media professionals, judges, senior officers, and others.”

He added, “This is in addition to brokerage services worth hundreds of millions of dollars, turning the Middle East Company into a personal and family farm until he began to think that he was protected and nothing would affect him, just as Riad Salama deceived himself and fell abroad and in Lebanon.”

Al-Sayyid continued, “As happened with Salama, all those whom the whale bought with the money of theft, corruption, and benefits in the Middle East and recruited to defend his corruption will not benefit him, as his accounts and the accounts of the Middle East Company with the Bank of Lebanon and others will soon be exposed, including the smuggling of money, benefits, and brokerages in Europe and Lebanon.” .

He concluded, “What Alvarez’s report did not mention regarding Al-Hout’s crimes at the Middle East and the airport will be revealed in other open and upcoming files! Remember.”


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