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Federal Bank Update: Bassam Rejects $10,000
As the Federal Bank hostage situation continues to unfold in Hamra, it appears as though the bank’s administration has offered Bassam Sheikh Hussein $10,000 in exchange for releasing the employees. He promptly rejected the “offer”.
The 42 year old man, who’s brother is also said to have a deposit of $500,000 at said bank, has justified his actions by explaining that his father is in the hospital and in need of $50,000 worth of treatment.
The President of the Lebanese Depositors Association, Hassan Moghnieh entered the bank to negotiate with the depositor, but no agreement to free the hostages was reached. According to L’Orient Today, Moghnieh had stated during an interview with Al-Jadeed on Thursday that “what was taken by force can only be taken by force.”
The man’s brother stated that he would hand himself over to the authorities once he receives his deposits. Security forces, including the military and security forces’ intelligence branches are said to be on the scene.
Depositors went down to Federal Bank in Hamra to protest in solidarity with the man inside the bank.
— Al Jadeed News (@ALJADEEDNEWS) August 11, 2022
The 42 year old man, who’s brother is also said to have a deposit of $500,000 at said bank, has justified his actions by explaining that his father is in the hospital and in need of $50,000 worth of treatment.
The President of the Lebanese Depositors Association, Hassan Moghnieh entered the bank to negotiate with the depositor, but no agreement to free the hostages was reached. According to L’Orient Today, Moghnieh had stated during an interview with Al-Jadeed on Thursday that “what was taken by force can only be taken by force.”
The man’s brother stated that he would hand himself over to the authorities once he receives his deposits. Security forces, including the military and security forces’ intelligence branches are said to be on the scene.
Depositors went down to Federal Bank in Hamra to protest in solidarity with the man inside the bank.