Lebanese Parliament recommends forensic audit of all state institutions ...Saudi Arabia

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Fri, 2020-11-27 22:45 BEIRUT: The Lebanese Parliament discussed on Friday a letter from President Michel Aoun requesting assistance in the forensic audit of the Banque du Liban’s accounts. The request overthrew the contract that the Lebanese government signed with the restructuring consultancy Alvarez & Marsal to conduct an audit of the central bank’s accounts. This is because the Banque du Liban is reluctant to provide information to the firm as it contradicts the Monetary and Credit Law and banking secrecy law. At the end of the session, members of Parliament endorsed a recommendation that “the accounts of the Banque du Liban, ministries, independent interests, councils, financial ins

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