EUROPEAN OBSERVATORY FOR THE INTEGRITY OF LEBANON: BANKS RESUMED STRIKE IN ATTEMPT TO AVOID RETURNING DEPOSITS

The European Observatory for the Integrity of Lebanon on Friday confirmed in a statement that “banks have resumed their strike in order to avoid returning deposits and bearing the losses of depositors,’ stressing that “going to court is the only way t…

The European Observatory for the Integrity of Lebanon on Friday confirmed in a statement that “banks have resumed their strike in order to avoid returning deposits and bearing the losses of depositors,’ stressing that “going to court is the only way to get the deposits back.’ The statement further stressed that hints at ‘rescheduling deposits’ are ‘dangerous”, calling on banks to “apply the law by lifting banking secrecy and responding to the court’s request to hand over documents – as part of an investigation over money laundering operations.”

Source: National News Agency – Lebanon

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