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التيار الوطني الحر
Younes Warns of Bank Sector Impact
Economics journalist Monir Younes revealed that French authorities have formally charged HSBC's Swiss branch with money laundering and facilitating the embezzlement of $330 million from Banque du Liban. He pointed out that the Lebanese government possesses the legal standing to demand the return of the seized funds, and that the evidence is ready in the judicial files. However, the obstacle is political, involving extensive investigations into the participation of Lebanese banks in the corruption system, as well as illicit profits and commissions that the bank has earned since 2002.
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