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Lebanon Debate
Bank of Lebanon hides $150,000
A report has been published regarding the confession of former employees at Bank Lebanon and the Middle East, admitting to stealing approximately $150,000 from the bank's funds. They were detained and brought to trial. The bank confirmed that the funds were partially repaid in installments and that they have cleared their debt; however, investigations indicate that the full amount was not repaid all at once, and repayment is being made in installments. This raises questions about transparency and supervisory procedures. It is noted that the bank is responsible for managing the security of its internal funds, and the ongoing case highlights the weakness of oversight over money movements within the banking sector, especially amidst an economic situation that impedes the full recovery of depositors' funds.
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