Luxembourg Opens Criminal Case Into Lebanon’s Central Bank Governor

Luxembourg’s judicial authorities have joined Switzerland and France to become the third known European country to open a criminal case into Lebanon’s Central Bank Governor Riad Salame and his assets. Investigations conducted by OCCRP and its Lebanese media partner, Daraj, last year uncovered a vast network of offshore companies tied to Salame, his family members and associates, including four registered in Luxembourg. The first of two investigations into the governor, published August last year, uncovered Salame’s ownership of three companies in Luxembourg which owned nearly US$100 million in overseas assets. Salame claimed that the source of his funds comes from…