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Lebanese Billionaire and Top Bank Stand Accused of Illicit Gains

From bnnbloomberg.ca

A prosecutor in Lebanon accused a billionaire lawmaker and his relatives, alongside the nation’s biggest bank, of illicit enrichment, the state-run National News Agency reported, in what would be the first such case in a country where protesters have raged for days against rampant corruption. Najib Mikati, his brother Taha and son Maher, as well as Bank Audi, allegedly benefited from government-subsidized housing loans, the news service said. The illicit enrichment law in Lebanon criminalizes gains made through bribes or the use of public office. Tens of thousands of Lebanese have flooded the streets nationwide in ... (full story)

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