Explainer: Will Lebanon’s ‘bank heroes’ face any jail time? ...Kuwait

News by : (The New Arab) -
In the last two weeks, more than ten individuals have held up banks in Lebanon, seeking to free their deposits from the country’s ailing banking sector. Some of the individuals who held up the banks were taken into custody by the authorities, while others – such as Sali Hafez – are currently in hiding. These were not your average bank robberies. To start, these bank "robbers" were not looking to steal anybody's money. Instead, they were looking to access their deposits, which were frozen by banks in the wake of Lebanon's 2019 financial crisis without any legal basis for the asset freeze. The Lebanese legal system, in turn, has struggled to deal with depositors who ha

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