Lebanon judge lifts travel ban on 2 bankers – Reuters.com

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The measures impacted the heads of Bank of Beirut, SGBL and Bankmed, in addition to Blom Bank and Bank Audi.
She has actually not charged any of the celebrations with any criminal activity and has not set a date for any hearings.
A spokesperson for Bank Audi validated the travel restriction had actually been raised but stated that “there was no avoidance at any time for Mr Samir Hanna to come back to the nation.”
Azhari declined to comment.
Lebanons banks association has stated Aouns steps against their institutions were “unlawful” and would further destabilise the countrys banking system, currently crippled by a financial crisis that has actually seen most depositors locked out of their hard currency accounts.
Aoun says her moves are in line with Lebanese laws.

Reporting by Timour Azhari; modifying by Maya Gebeily and Jason Neely
Our Standards: The Thomson Reuters Trust Principles.

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BEIRUT, April 5 (Reuters) – A Lebanese judge on Tuesday lifted travel bans enforced last month on two senior Lebanese lenders as part of a continuous probe into transactions in between business banks and the reserve bank, the judge told Reuters.
Judge Ghada Aoun said she raised the travel prohibits on Blom Bank head Saad Azhari and Bank Audi boss Samir Hanna to facilitate their go back to Lebanon from abroad so they might participate in hearings as part of the investigation.
Aoun had imposed travel restrictions and asset freezes in mid-March against the senior management of 5 banks as part of the probe into loans offered by the reserve bank to industrial banks at the onset of Lebanons 2019 monetary disaster.

Saad Azhari, Chairman and General Supervisor of the Lebanese Blom Bank is seen in his workplace in Beirut, Lebanon July 9, 2018. REUTERS/Mohamed Azakir

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