Judge orders release of BDL director after posting bail

The arrest warrant of Mazen Hamdan was issued last week by Lebanon's Financial Prosecutor Ali Ibrahim who accused him of “manipulating the lira exchange rate.”
by Georgi Azar

21 May 2020 | 13:45

Source: by Annahar

  • by Georgi Azar
  • Source: Annahar
  • Last update: 21 May 2020 | 13:45

An anti-government protester shouts slogans, while wearing a mask to help curb the spread of the coronavirus, during ongoing protests in front of the Ministry of Economy, in downtown Beirut, in Beirut, Lebanon, Monday, May 18, 2020. (AP Photo)

BEIRUT: A Lebanese judge has ordered the release of the central bank’s director of monetary operations for a 300 million LBP bail. 

The arrest warrant of Mazen Hamdan was issued last week by Lebanon's Financial Prosecutor Ali Ibrahim who accused him of “manipulating the lira exchange rate.”

The move came at the heels of the arrest of Mahmoud Mrad, head of the Syndicate of Money Changers in Lebanon, who was detained along with several others “after an investigation into money changers selling in an illegal manner.”

Hamdan, along with four money changers, was charged with the offense of violating banking laws and money laundering. 

--- WIth AP

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