{"id":58723,"date":"2019-10-24T00:00:00","date_gmt":"2019-10-24T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/58723\/these-are-the-people-who-took-advantage-of-housing-loans-intended-for-low-income-families"},"modified":"2023-05-08T12:56:38","modified_gmt":"2023-05-08T12:56:38","slug":"these-are-the-people-who-took-advantage-of-housing-loans-intended-for-low-income-families","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/58723\/these-are-the-people-who-took-advantage-of-housing-loans-intended-for-low-income-families\/","title":{"rendered":"These Are The People Who Took Advantage Of Housing Loans Intended For Low Income Families"},"content":{"rendered":"Housing loans subsidized by the Central Bank are chiefly intended for low income households, but in this country, the politicians and ruling class have managed to hoover up that pot of gold, too. <br \/>  <br \/>  <br \/>  Here are <b>ONLY SOME<\/b> of the leaked names, in the seemingly endless whirlwind of corruption and greed.<br \/>  <br \/>  <br \/>  <B>1. Mikati Group (known as M1)<\/b> <br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/58723.png\"><br \/>  <br \/>  Through six real estate companies, the Mikati brothers managed to obtain $35.6 million in random loans. <br \/>  <br \/>  <br \/>  <b>2. Nadim Mounla<\/b><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/58723-1.png\"><br \/>  <br \/>  The Hariri advisor and former Chairman and General Manager of Future TV managed to suck up $3 million through one loan, and another $1.3 million through another in his daughters name (alongside his). <B>GRAND TOTAL: $4.3 MILLION<\/b><br \/>  <br \/>  <br \/>  <B>3. Judges Maher Cheaito, Randa Yakzan, and Nader Mansour<\/b><br \/>  <br \/>  The three judges account for $2.3 million, $860,0000, and $2.5 million respectively. <B>GRAND TOTAL: $6.6 MILLION<\/b><br \/>  <br \/>  <br \/>  <B>4. Amer and Raed Bassam Assaad<\/b><br \/>  <br \/>  Both younger than 18 years old and have $6 million in housing loans. HAHAHAHAHA. <br \/>  <br \/>  <br \/>  <B>5. Samer AbdelHafiz Itani <\/b><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/58723-2.png\"><br \/>  <br \/>  Through KLN Residences SAL, Itani sucked up <b>$7.8 million<\/b>. It\u2019s also important to note that Itani is the Chairman and General Manager of Lebanon &#038; Gulf Bank LGB. <br \/>  <br \/>  <br \/>  <b>6. Danny Nazih Dagher<\/b><br \/>  <br \/>  Through Okapi Real Estate Services SAL, Dagher managed a <b>$2 million<\/b> loan. It\u2019s also important to note that Dagher is a manager and chair at Bank Audi.<br \/>  <br \/>  <br \/>  <B>7. Ali Kabalan Kabalan<\/b><br \/>  <br \/>  Son of Kabalan Kabalan who is the Chief of South Council, Ali got his hands on <b>$866,000<\/b>. <br \/>  <br \/>  <br \/>  <B>8. Ali Hussein Bdeir<\/b><br \/>  <br \/>  Through Marina 19 SAL, Bdeir got his hands on <b>$3.2 million<\/b>.<br \/>  <br \/>  <br \/>  The list goes on with names like <b>Antoine Bou Jabr, Elias Najah Tamer, Ahmad Assouma through AMA Real Estate, Aziza Karam Hamieh, Fabio Elie Khoury, Ghassan Abou Saba, Paul Nakouzi, Ali Mohammad Amin al Sayyed, Joseph Hassib Bechara<\/b> and so many others. <br \/>  <br \/>  You can view the whole list on Al-Akhbar website by clicking <a href=\"https:\/\/www.al-akhbar.com\/PDF_Files\/3890\/pdf\/04_05_20191024.pdf\" target=\"_new\" rel=\"noopener\">here<\/a>.    <figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"145\" data-id=\"438509\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-5-250x145.png\" alt=\"\" class=\"wp-image-438509\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-5-250x145.png 250w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-5-600x347.png 600w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-5-1024x592.png 1024w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-5-768x444.png 768w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-5.png 1467w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/figure><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"250\" data-id=\"438511\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-6-223x250.png\" alt=\"\" class=\"wp-image-438511\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-6-223x250.png 223w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-6-535x600.png 535w, 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><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"166\" data-id=\"438515\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-8-250x166.png\" alt=\"\" class=\"wp-image-438515\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-8-250x166.png 250w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-8-600x398.png 600w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-8-768x510.png 768w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/58723-8.png 920w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/figure><\/figure>    ","protected":false},"excerpt":{"rendered":"<p>Housing loans subsidized by the Central Bank are chiefly intended for low income households, but in this country, the politicians and ruling class have managed to hoover up that pot of gold, too.<\/p>\n","protected":false},"author":0,"featured_media":438517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_preview_accessed":0,"footnotes":""},"tags":[],"media-embed-type":[],"class_list":["post-58723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"authorship":[144],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>These Are The People Who Took Advantage Of Housing Loans Intended For Low Income Families<\/title>\n<meta name=\"description\" content=\"Housing loans subsidized by the Central Bank are chiefly intended for low income households, but in this country, the politicians and ruling class have managed to hoover up that pot of gold, too.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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