Lebanon’s former central bank governor Riad Salameh posted more than $14 million in bail Friday after a year in detention over embezzlement allegations, paving the way for his release, a judicial official told AFP.
Salameh, 75, who headed the central bank for three decades, has faced numerous accusations including embezzlement, money laundering and tax evasion in separate probes in Lebanon and abroad.
He has repeatedly denied any wrongdoing.
He was arrested in September last year and indicted in April for allegedly embezzling $44 million from the central bank.
But last month, the judiciary agreed to release Salameh on bail of more than $20 million and with a one-year travel ban, and on Thursday reduced the bail figure upon the request of Salameh’s legal team.
Salameh’s lawyer “paid the bail of $14 million plus five billion Lebanese pounds” (around $55,000) — the highest amount in Lebanese judicial history — and the judge signed the documentation authorising his release, a judicial official told AFP on condition of anonymity.
The former central bank chief will be released “in the next few hours once legal procedures have been completed”, the official added, noting the travel ban came into effect upon the bail payment.
Salameh has been held in a medical facility near Beirut in recent months due to his deteriorating health.
He had been expected to be automatically released in early September when his detention order expired without trial, a judicial official had told AFP last month.
The judiciary had already issued orders for his release in two other cases in July.
Salameh is widely viewed as a key culprit in Lebanon’s economic crash, which the World Bank has called one of the worst in recent history, but has defended his legacy, insisting he is a “scapegoat”.
He left office at the end of July 2023 and has repeatedly denied the allegations against him, saying his wealth comes from private investment and his previous work at US investment firm Merrill Lynch.
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