An employee at the Beirut-based Lebanese Canadian Bank (LCB) was recently arrested by the Lebanese Armed Forces on suspicion of collaborating with Israel, Kuwaiti newspaper Al-Anbaa reported on Saturday.
According to the daily, the arrested employee was identified as Mounir Sadeq.
The LCB - which was accused by the US of engaging in illegal activity - had collaborated with another unnamed bank in marketing the shares of the Free Patriotic Movement–owned OTV, the daily added. However, the report did not elaborate further.
On Thursday, the United States accused LCB of having ties to Hezbollah and laundering money for alleged cocaine trafficker Ayman Joumaa.
The US Treasury said it would move to prohibit US financial institutions from working with the bank, which it said was tied to Joumaa's international syndicate that laundered “hundreds of millions of dollars monthly” in cash from the drugs trade.
-NOW Lebanon
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