Financial State Prosecutor Freezes Assets Of 20 Lebanese Banks

Financial Prosecutor Judge Ali Ibrahim has decided to freeze the assets of 20 Lebanese banks, as reported by the National News Agency.

He also imposed a freeze on the assets of the banks’ owners and board members.

This comes after the suspicious transfer of $2 billion during bank closures in October.

According to LBC, the banks listed are the following:

BLOM Bank
Bank Audi
BankMed
SGBL
Cedrus
Byblos Bank
Fransabank SAL
Banque Libano – Francaise
Credit Libanais
Bank of Beirut
MEAB
First National Bank
Saradar Bank
BBAC
IBL BANK
Syrian Lebanese Commercial Bank
Lebanese Swiss Bank
Federal Bank of Lebanon
Fenicia Bank
Banque Misr Liban SAL