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BEIRUT: Lebanon’s judiciary agreed Tuesday to the release on bail of more than $20 million of former central bank governor Riad Salameh, detained for nearly a year on embezzlement charges, judicial officials said.
Salameh, 75, who headed the central bank for three decades, faces numerous accusations including embezzlement, money laundering and tax evasion in separate probes in Lebanon and abroad.
He 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.”
The judiciary “agreed to release Salameh on bail of $20 million in addition to five billion Lebanese pounds (around $56,000) and banned him from travel for a year starting from the date of this decision’s implementation,” the judicial official said, requesting anonymity as they were not authorized to brief the media.
The decision relates to a case in which Salameh is accused of embezzling $44 million from the central bank, the official said, adding that the judiciary had issued release orders for him in two other cases last month.
A second judicial official, also speaking on condition of anonymity, said the bail amount “is the highest in the history of the Lebanese judiciary.”
Salameh’s lawyer Mark Habka told AFP that “the bail is high and illegal, and I will speak to my client about the next steps.”
In April, a Lebanese judge issued an indictment for Salameh, charging him with embezzling $44 million from the central bank, as well as illicit enrichment and forgery. Bail was rejected at the time.
The second judicial official said the decision to release him came “in consideration of his health condition.”
The official said he would in any case have been released automatically on September 4 when his pre-trial detention order expires.
Salameh, who left office at the end of July 2023, has repeatedly denied the allegations against him, saying his wealth comes from private investment and his previous work at US investment firm Merrill Lynch.

DAMASCUS: Syria on Monday welcomed the US Treasury Department’s decision to remove it from the sanctions list under the Code of Federal Regulations, describing it as a “positive development” that could ease humanitarian and economic hardships.

The Treasury’s Office of Foreign Assets Control (OFAC) announced that the Syrian Sanctions Regulations will be lifted as of Tuesday following President Donald Trump’s June order to terminate the national emergency underpinning the restrictions. 

Sanctions dating back to 2004 and expanded during years of conflict will no longer apply, officially allowing American companies to conduct business with Damascus.

In a statement, Syria’s Ministry of Foreign Affairs said the move will “directly reflect on the humanitarian and economic conditions of the Syrian people” by facilitating trade, financial transactions and US exports, while opening “new horizons for economic and trade cooperation between the two countries.”

The ministry noted the timing of the decision coincided with the visit of a second official US congressional delegation to Damascus, led by Senator Jeanne Shaheen and Representative Joe Wilson, accompanied by Ambassador Tom Barrack, the US president’s special envoy for Syria.

President Ahmad al-Sharaa received the delegation in the presence of senior Syrian ministers, with talks focusing on strengthening bilateral ties and exploring areas of cooperation. 

The ministry said the meetings signaled growing support within Congress for the full lifting of sanctions, including efforts to repeal the 2019 Caesar Act before the end of this year.

“For his part, President al-Sharaa expressed appreciation for the efforts made in Congress, stressing that these simultaneous developments, the lifting of restrictions and the resumption of official visits, constitute a continuation of a practical and realistic path that serves the interests of the Syrian people and enhances stability in the region,” the statement said.

US officials have said that while sanctions are being removed, Congress must still act to formally repeal the Caesar Act. 

The Syrian government affirmed its readiness to continue dialogue with international partners on the basis of sovereignty and mutual respect, with the aim of ensuring stability and prosperity for the Syrian people and the wider region.