How will citizens ’deposits in these banks be affected?


Today, the Chief Financial Prosecutor, Judge Ali Ibrahim, issued a decision to place a “ban on disposal” sign on the assets of 20 Lebanese banks. It also circulated banning the disposal of the property of the heads and boards of directors of these banks, namely: Bank Audi, Banque du Liban and Overseas, FranceBank, Byblos Bank, Société Générale Bank, Bank of Beirut, Bank of the Mediterranean, Banque Libano-Française de Libanais, First National Bank, Bank Lebanon and the Gulf, Bank of Beirut and the Arab Countries, Bank of the Middle East and Africa, Cedros Bank, Federal Bank of Lebanon, Intercontinental Bank, Resource Bank, Lebanese Swiss Bank, Sardar Bank, the new company of the Bank of Syria and Lebanon and Banque du Liban Lebanon.But what does this decision mean by law?

Lawyer Harley Bustany explains in an interview with VDLnews that preventing the disposal of assets means preventing the disposal of movable and immovable property of banks, including bonds, real estate, cars, etc.

And he affirms that the decision does not affect the depositors or the customers of the banks, rather, on the contrary, it relieves the citizen as it prevents the bank from selling its assets and shackles its freedom in the circumstances in which the country passes.

Boustany notes that the most important thing in the decision is that it includes the property of the heads and boards of directors of banks, knowing that smuggling money abroad for those example is easier than banking smuggling money for example.

Bustani hopes that the decision will be a prelude to a series of decisions that include everyone who has held a public affairs and includes politicians as well.


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