SAWT BEIRUT INTERNATIONAL

| 15 May 2021, Saturday | النسخة العربية

President Aoun warns Ministry of Finance and Central Bank against attempt to disrupt audit process

The President of the Republic Michel Aoun tweeted on Monday warning the Ministry of Finance and the Central Bank who will be meeting tomorrow with the management consulting firm Alvarez & Marsal against any attempt to disrupt the forensic audit process.

Aoun said: “I warn the Ministry of Finance and the Central Bank, who will be meeting tomorrow with the Alvarez & Marsal against any attempt to disrupt the forensic audit, and I hold them accountable in the name of the Lebanese people.”

Lebanon’s central bank said in a statement on April 1, that it is ready to facilitate a forensic audit process by Alvarez & Marsal and will discuss this in a virtual meeting with the restructuring company on April 6.

Alvarez & Marsal pulled out of the audit procedure in November, saying it had not received the information it required, prompting parliament in December to lift banking secrecy for one year.