More Than Three Billion Dollars in Profit for Bank Audi From Central Bank of Lebanon's Financial Engineering: Biggest Profiteers Include Salameh and Mikati

More Than Three Billion Dollars in Profit for Bank Audi From Central Bank of Lebanon's Financial Engineering: Biggest Profiteers Include Salameh and Mikati

This investigation, based on the financial statements in Bank Audi’s annual reports from 2012 to 2020, as well as the forensic audit by Alvarez & Marsal, reveals that Bank Audi benefited from several financial engineering schemes carried out by the Central Bank of Lebanon. These schemes enabled the bank to generate profits of no less than $3.1 billion between 2016 and 2020 — the very years that led to Lebanon’s financial collapse and the freezing