Lebanon Will Finally Conduct Forensic Audit Of The Central Bank

Reuters

The Cabinet convened Tuesday, July 21st, at Baabda Palace to discuss how to get Lebanon out of its financial and social nightmare.

Headed by President Michel Aoun, the ministers looked into a 26-point agenda, most importantly the topic of the forensic audit of the Central Bank, according to NNA.

Requested by the Cabinet since March, the audit has been put off for far too long. While it is long-overdue, Lebanon will finally conduct the forensic audit of the Central Bank, putting many politicians and officials at the edge of their seats.

The official Twitter for Lebanon’s President announced that the Cabinet finally approved a contract with the firm Alvarez & Marsal for criminal forensic auditing and with KPMG and Oliver Wyman for basic auditing.

Lebanon’s Finance Minister has been rejecting this. According to Minister Wazni, the political forces he belongs to did not accept a forensic audit, “especially not by Kroll”, because it has an office in Israel.

Many considered this merely an excuse to put off the forensic audit because it would look deep into the Central Bank’s financial records, which could be nerve-wracking for some politicians.

The close examination could potentially launch investigations into many matters, such as finally answering the big question: Where did Lebanon’s money go?

Log In

Or with username:

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.