Close Menu
    Facebook X (Twitter) Instagram
    Thursday, July 10, 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
    Bloomberg | Middle East | Naharnet
    3 Mins Read

    U.S. Treasury Sanctions Lebanese MP And Two Businessmen

    By Rasha Al RayessOctober 28, 2021
    Facebook WhatsApp Copy Link

    The US Department of Treasury just imposed sanctions on two prominent Lebanese businessmen, Dani Al-Khoury and Jihad Al-Arab, and Parliament Member Jamil Al-Sayyed, stating that they benefited from large-scale corruption while Lebanon is in an economic meltdown.

    In its statement, the Treasury’s Office of Foreign Assets Control (OFAC) said that Al-Sayyed, lawmaker and MP, bypassed banking policies and managed to transfer $120 million from Lebanon for foreign investment with the help of a senior government official who wasn’t named.

    Sara El Sayed

    Al-Sayyed also incited officials to shoot at people protesting outside politicians’ houses when protesters outside his home were demanding his resignation back in June 2020 during the Lebanese Revolution.

    It is to note that Al-Sayyed had previously served in the Lebanese Army for 30 years and with the General Security for 7 years before resigning and going into politics.

    As for Dany Al-Khoury, the statement stated that he is a close business associate of MP Gebran Bassil, head of the Free Patriotic Movement (FPM), who was earlier sanctioned by the U.S.

    This relationship has reportedly enabled Al-Khoury to receive a large public contract worth $142 million to conduct the Bourj Hammoud landfill, set to solve the garbage crisis, but Al-Khoury achieved personal benefits instead, the statement said.

    France Considering Joining US In Sanctioning Gebran Bassil
    WEF

    “Khoury and his company have been accused of dumping toxic waste and refuse [rubbles] into the Mediterranean Sea, poisoning fisheries, and polluting Lebanon’s beaches, all while failing to remedy the garbage crisis,” the statement added.

    In regards to Jihad Al-Arab, the US treasury affirmed that he has been awarded several public contracts in exchange for kickback payments to government officials.

    In 2018, Al-Arab gained $18 million for the reconstruction of a bridge in Beirut, yet community officials were concerned about the project’s safety and costs.

    To my friends in #Lebanon who thought this administration is not going to use sanctions to promote accountability in Lebanon – now you see? Not only it happened, the designation is on point, timely, and comprehensive. I’m personally very thankful #JihadAlArab is on the list 😁 https://t.co/HdolV2rGHt

    — Hanin Ghaddar (@haningdr) October 28, 2021

    Al-Arab also received a $288 million contract in 2016 from the Council for Development and Reconstruction (CDR) to clean the garbage-filled streets in Beirut, yet the plight remained unchanged.

    It was later exposed that his company added water to the garbage containers to enlarge their weight hence their costs.

    The US treasury additionally indicated that “Al-Arab served as an intermediary, as of 2014, to broker a meeting between top Lebanese officials in advance of the Lebanese presidential election, in exchange for two government contracts valued at approximately $200 million.”

    These three individuals, in addition to previously sanctioned Ali Hassan Khalil, former Minister of Finance, and Youssef Fenianous, former Minister of Transportation and Public Works, are members of the ruling political elite that are accused of participating in corrupted practices.

    Interesting new additions to US sanctions on Lebanon today:
    -Jamil Sayyed, for transferring $ millions overseas with the help of a senior official.
    -Jihad al-Arab, for squandering public money
    -Dany Khoury, for squandering public money & dumping toxic waste into the sea 1/2

    — Liz Sly (@LizSly) October 28, 2021

    The US previously stated that “sanctions are intended, among other things, to compel changes in behavior, and promote accountability for corrupt actors and leaders who have engaged in malign behavior.”

    The sanctioned individuals’ properties – bank accounts, assets, and real estate – under the US jurisdiction will be seized.

    U.S. businessmen, individuals, and companies are also forbidden from arranging financial transactions with these individuals, effectively inhibiting their access to global financial transactions.

    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    whish pay lebanon 961

    You Can Now Use Whish Pay At Shopify Stores

    lebanon cybergames 2025 hacking 961

    Lebanon Just Won A Global Hacking Competition

    visa whish money partnership

    Visa and Whish Money Just Partnered To Push Digital Payments in Lebanon and Abroad

    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

    Tamara El-Zein 961

    Who is Tamara El-Zein, Lebanon’s New Minister of Environment

    lebanon jounieh cyprus by ferry 961

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

    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

    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
    Low-Cost Lebanese Airline 961

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

    June 18, 2025
    lebanese beer brands almaza beirut beer 961

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

    June 7, 2025

    12 Things To Do In The Traditional Lebanese Town Of Hammana

    July 28, 2022
    DJ

    10 Lebanese DJs You Need To Check Out This Summer

    August 7, 2024
    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.