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French Court Upholds Seizure of $130 Million Linked to Embattled Lebanese Central Bank Chief

  • The French judiciary has transferred seized assets of Lebanon's central bank governor Riad Salameh and associates to the Lebanese state.
  • Several European countries are investigating Salameh and associates for alleged financial crimes.
  • $130 million in assets linked to the investigation have been frozen by France, Germany, and Luxembourg.
  • Salameh's appeal to unfreeze assets was rejected by a French appeals court.
  • Salameh denies charges of corruption and says he will only resign if convicted of a crime.
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