Close Menu
    Facebook X (Twitter) Instagram
    Monday, July 14, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    Riad Salameh Will Be Questioned On Wasted Subsidy Funds This Week
    Reuters/Dalati & Nohra
    2 Mins Read

    Riad Salameh Will Be Questioned On Wasted Subsidy Funds This Week

    By Hussein YassineDecember 8, 2020
    Facebook WhatsApp Copy Link

    As the anticipated end of the subsidies is reigniting the Lebanese street, the governor of Lebanon’s central bank, Riad Salameh, has been summoned for questioning.

    Mount Lebanon Prosecutor Judge Ghada Aoun summoned Salameh to appear before her on Thursday, December 10th, where he will be questioned over the waste of subsidized U.S. dollars.

    The move coincided with the meeting that was headed on Monday by caretaker Prime Minister Hassan Diab and attended by Salameh and the caretaker government’s ministers.

    Caretaker Prime Minister Hassan Diab heads a meeting to discuss subsidies and import.
    Dalati & Nohra

    The meeting aimed at discussing the central bank’s subsidies over basic commodities and the ministries’ respective plans to “regulate the cost of import and subsidies,” according to a statement issued by the Prime Ministry.

    To note, Salameh’s summoning does not mean that he is being accused of involvement in wasting public funds. Instead, Judge Aoun only seeks an explanation about the issue from the central bank’s governor, according to local media.

    The summoning apparently serves as a tool to put pressure on Salameh by a political group that “wants to replace Salameh with another governor, not to replace the monetary policy,” banking sources told Al-Modon newspaper.

    تجمع عدد كبير من المتظاهربن أمام منزل وزير الاقتصاد #راؤول_نعمة في الأشرفية غضباً على قرار #رفع_الدعم pic.twitter.com/Pix9GrHpLY

    — adel samia (@adelsamia) December 7, 2020

    “It also does not want to delve further into the investigation of wasting depositors’ money and not just the subsidy dollars,” the sources added.

    Following the Monday meeting, people took to the streets in various Lebanese areas in response to the looming danger that is the lifting of the subsidies on basic items, most notably wheat, fuel, and medicines.

    According to reports from two UN agencies, Lebanon could be heading to a social catastrophe if the subsidies are removed. Moreover, a rough analysis from their side showed that up to 80% of the subsidies may actually be benefiting the wealthiest in the country by 50%, with only 20% going to the vulnerable half.

    Riad Salameh
    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Nizar Hani 961

    Who is Nizar Hani, Lebanon’s New Minister of Agriculture

    Charles Hajj 961

    Who Is Charles Hajj, Lebanon’s New Minister of Telecommunications

    Nora Bayrakdarian 961

    Who is Nora Bayrakdarian, Lebanon’s New Minister of Youth and Sports

    lebanon jounieh cyprus by ferry 961

    You’ll Soon Be Able To Travel Between Lebanon & Cyprus By Ferry

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019
    Lebanese boutiques

    25 Boutiques In Lebanon To Find Your Dream Evening Dress This Wedding Season

    June 9, 2024

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    caracalla one thousand and one nights

    Caracalla Just Added More Dates For “One Thousand and One Nights” & You Def Don’t Want To Miss It!

    July 5, 2025
    lebanese beer brands almaza beirut beer 961

    Lebanese Beer Brands Are Publicly Throwing Shade, And It’s Getting Frothy

    June 7, 2025

    How Mia Khalifa Became One Of The Most Outspoken Advocates For Lebanon

    August 13, 2020
    Low-Cost Lebanese Airline 961

    We Might Finally Be Getting A Low-Cost Lebanese Airline – Here’s What We Know

    June 18, 2025

    12 Things To Do In The Traditional Lebanese Town Of Hammana

    July 28, 2022
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.