Public Actions

Financial State Prosecutor orders the arrest of the head of monetary operations of Banque du Liban Mazen Hamdan

Date: 
Thursday, May 14, 2020

Hamdan’s arrest was ordered by Financial State Prosecutor Ali Ibrahim for the ‘’manipulation of the exchange rate of the dollar.’’ Hamdan had been questionsed by investigators for several days this month.

The move came after the arrest of the head of the Syndicate of Money Changers Mahmoud Mrad last week.

A number of unlicensed exchange dealers, along with some licensed ones that were exchanging money at a rate higher than the one set by the central bank, have also been arrested in recent weeks.

Acting Bodies: 
Judicial bodies (cassation courts, constitutional council, military courts…)
Type: 
Judicial Decisions
Categories: 
Security
Impact: 
National
Status: 
Approved/ Ratified