Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is accused of embezzling. ]Twelve Swiss banks have received a large part of the money, estimated at up to $500 million

TL;DR

Salameh, 72, faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon and abroad after he amassed a fortune in the country mired in financial crisis. Salameh categorically denies all accusations against him and has rarely appeared before the judiciary, despite numerous complaints, summonses, investigations and a travel ban issued against him a year ago. Lebanon opened an investigation into Salameh's assets in 2021, after a request for assistance from Switzerland's public prosecutor probing more than $300 million in fund movements by the governor and his brother

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