Central bank says new audit to scrutinize transactions for graft
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- Lebanon's central bank said an outside firm had begun a forensic audit of past transactions linked to its foreign assets.
- The audit will examine the transactions for evidence of graft as part of efforts to improve oversight after the country's economic collapse.
- The measures have also led to the arrest of former central bank governor Riad Salameh.
Lebanon's central bank said an outside firm had begun a forensic audit of past transactions connected to its foreign assets, with investigators examining them for evidence of graft.
The review follows the country's economic collapse and forms part of measures the institution says it has taken to strengthen oversight.
Those measures have also resulted in the arrest of the bank's former governor, Riad Salameh.
About this summary
Originally published by Naharnet. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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