[ad_1]
The Finance Minister of the interim government, Ghazi Wazni, began to communicate again with Álvarez and Marsal after the House of Representatives suspended work on bank secrecy for a year in its last session in order to facilitate the completion of the criminal audit of the accounts of the Banque du Liban and all departments and ministries and Municipalities and funds.
After this development, when does the audit start and with which company? Will Álvarez and Marsal return to resume work or will the government be forced to hire another company?
The information suggests that Álvarez and Msalad will return to work. Because the Minister of Finance had previously contacted the company ten days ago, specifically after the recommendation made by the House of Representatives to lift bank secrecy and complete the criminal audit on the accounts of the Banque du Liban and all the ministries , departments, funds and municipalities, and received a written response from them expressing their willingness to resume work in Lebanon, but with a contract. New with him, and in this context the information reveals that the new contract will first notice an increase in the value of the compensation to include the audit ministries, departments and municipalities, after the previous contract was limited only to the accounts of the Banque du Liban, and secondly, the increase in the period of the contract, and here it is necessary to remember that the value of the contract of Álvarez Y Marsal was two million and 200 thousand dollars during ten weeks to present its initial report during this period .
Wazni began to communicate with Álvarez and Messal, and the President of the Republic, General Michel Aoun, provided details of the communication and what he expects regarding the new contract, which the Ministry of Finance does not see that its value does not increase much. When the decision is made, my weight will return to the Presidents of the Republic and Government, Hassan Diab.
These negotiations, in addition to the signing of the new contract, do not expect the follow-up sources to take long, more than that, it is likely that they will end early so that the company begins its work in conjunction with the publication of the law on suspension of secrecy bank of the year in the Official Gazette, that is, within a maximum period of fifteen days.
Even if an emergency arises with Álvarez and Marsal and leads her to abandon the contract again, the Ministry of Finance can assign a new company to carry out a comprehensive criminal audit without the need for a cabinet meeting during the interim government. Minister Wazni can achieve all this in coordination with the presidents of the republic and the government, based on the mandate given to the Ministry of Finance by the Council of Ministers, and since March 2020, to select companies for financial and criminal audit.
Criminal scrutiny has been reignited. Will the Banque du Liban cooperate after the operation is legalized by force of law? Will the audit reveal who brought the public treasury to what it has achieved, or will it become politicized like everything else in Lebanon? Questions that are naturally asked after investigations into a crime of the magnitude of the Beirut port bombing became politicized, in which more than two hundred innocent people died, some 6,000 injured and hundreds of thousands displaced.
[ad_2]
