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In an important step, the Lebanese Parliament approved a law that stipulates the suspension of bank secrecy for one year, which opens the way for the relaunch of criminal scrutiny of the accounts of the Central Bank.
This decision would eliminate the banking secrecy of all those who took charge of public affairs in the Banque du Liban, ministries and public administrations, and would link it to the criminal investigation, which constitutes an advanced step on the path towards the fight against corruption. and waste, in line with the demand of Lebanese President Michel. Aoun is related to that, and perhaps the beginning of the recovery of looted public money, according to observers.
The Parliament had voted at the end of November in favor of carrying out a criminal scrutiny, without any impediment or invoking bank secrecy, in response to a request from the President of the Republic.
The forensic audit of the Central Bank accounts is the most prominent element of the economic recovery plan, which was approved by the Lebanese government to negotiate with the International Monetary Fund, before the failure of those negotiations, and was included in the terms of the roadmap drawn up by France to help Lebanon emerge from the cycle of economic collapse.
Politically, the interim government headed by Hassan Diab has continued to run the country’s affairs since his resignation, after the bomb attack in the port of Beirut last August.
While former Prime Minister Saad Hariri, who was appointed in October, was unable to form the government, he has not yet been able to complete his mission so far, due to political divisions and Saudi and American pressure, in terms of not involving Hezbollah. in any future government.
Parallel to the current political hesitancy, Lebanon has witnessed an economic collapse since last year, which coincided with an unprecedented drop in the value of the Lebanese pound against the dollar, amid the fears of a large part of the people. Lebanese on the elimination of subsidies for some basic necessities of life, such as flour, medicine and fuel, which is still fueling acts of violence. And protests, the pace of which was remarkable in recent days.
Details in the attached video …
