Lebanese PM defends ‘integrity’ after French money laundering complaint

Lebanese PM defends ‘integrity’ after French money laundering complaint
Lebanese Prime Minister Najib Mikati poses during a photo session at his residence in downtown Beirut. (AFP/File)
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Updated 04 April 2024
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Lebanese PM defends ‘integrity’ after French money laundering complaint

Lebanese PM defends ‘integrity’ after French money laundering complaint
  • The two associations accuse him and his brother of having likely “acquired various properties in France and abroad

PARIS: Lebanese Prime Minister Najib Mikati on Wednesday defended his “integrity” and “transparent” assets, following a complaint filed in France accusing him of money laundering and other offenses.
Two associations filed a complaint against Mikati with France’s financial prosecutor’s office, accusing him of fraudulently building up assets in France and other countries, a source close to the case told AFP on Wednesday.
The complains said that the Lebanese public consider Mikati, his brother Taha and their entourage as “the embodiment... of the clientelism and conflict of interest that have led Lebanon to its downfall.”
In a statement sent to AFP and other media, Mikati said: “We strongly reaffirm that the source of our family wealth is entirely transparent, legitimate, and in full compliance with the law.”
The complaint lodged by the CVPFCL financial crimes victim’s collective of Lebanon, and the Sherpa anti-corruption association, accuses Mikati of money laundering, concealment or complicity, and criminal conspiracy as part of an organized gang.
Mikati made his fortune in telecoms and in June 2022 became prime minister of Lebanon for the third time.
The two associations accuse him and his brother of having likely “acquired various properties in France and abroad, via multiple structures and through extremely large financial transfers.”
Those include properties in Monaco and Saint Jean-Cap-Ferrat, on France’s Mediterranean coast; a 79-meter yacht “acquired for 100 million dollars“; and two Falcon jets, valued at around 95 million dollars.
Taha Mikati also reportedly owns a yacht worth $125 million.
According to Forbes magazine, the two brothers are worth $2.8 billion, making them among the richest people in Lebanon.
In his statement, Mikati insisted that no family member nor business “has been found guilty by any court, whether in Lebanon or anywhere else in the world.”
The statement added that “attempts to discredit” the family were “unfounded and often politically-motivated.”
It said that a Beirut judge in February 2022 and a Monaco court in August 2023 had dismissed charges against the family.
But the plaintiffs claimed that “since the mid-1990s, corruption has been intimately linked to the functioning of the state,” which the brothers have benefitted from.
“Mikati’s systemic use of offshore accounts and tax havens” and the “culture of corruption and conflicts of interest” that he embodies, make him and his family “widely suspected of large scale laundering (and) tax fraud over many years,” added the plaintiffs’ lawyers William Bourdon and Vincent Brengarth.
Several of the Mikati brothers’ children are suspected of receiving some of the allegedly laundered money.
Sherpa previously lodged a complaint against Riad Salame, the former governor of Lebanon’s central bank, who has faced a French international arrest warrant since May 2023.


UAE and UK officials discuss joint efforts to combat illicit financial flows

UAE and UK officials discuss joint efforts to combat illicit financial flows
Updated 10 sec ago
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UAE and UK officials discuss joint efforts to combat illicit financial flows

UAE and UK officials discuss joint efforts to combat illicit financial flows
  • Both parties reaffirmed their shared commitment to promoting transparency, strengthening regulatory frameworks, and upholding international standards

ABU DHABI: UAE Minister of State Ahmed Al-Sayegh and UK Minister of State for Security Dan Jarvis met in Abu Dhabi to discuss the UAE-UK partnership in tackling illicit financial flows, Emirates News Agency reported on Tuesday.

The high-level meeting brought together senior representatives from both nations to explore key areas of cooperation, including financial security, anti-money laundering measures, and emerging risks in the global financial system.

Both parties reaffirmed their shared commitment to promoting transparency, strengthening regulatory frameworks, and upholding international standards in the fight against financial crimes.

They also emphasized the importance of joint initiatives and knowledge exchange in fostering a secure and resilient financial ecosystem.

Jarvis said: “The government understands the importance of international cooperation in tracking, intercepting, and stopping the flow of illicit funds between the UK and UAE. This partnership remains critical to our nations’ missions for countering global crimes and protecting national security, which is the foundation of our Plan for Change.”


UN envoy slams Israel’s ‘unacceptable’ Syria escalation

UN envoy slams Israel’s ‘unacceptable’ Syria escalation
Updated 33 min 59 sec ago
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UN envoy slams Israel’s ‘unacceptable’ Syria escalation

UN envoy slams Israel’s ‘unacceptable’ Syria escalation
  • UN envoy for Syria Geir Pedersen said Tuesday he was “deeply concerned by continued violations of the 1974 Disengagement of Forces Agreement.”
  • Such actions, he warned in a statement, “are unacceptable and risk further destabilising an already fragile situation“

GENEVA: The United Nations envoy for the Syrian Arab Republic on Tuesday strongly condemned Israel’s “military escalations, including airstrikes” on its northern neighbor.
Syrian state media said Israeli strikes hit the Tartus area on Monday, after a war monitor reported a blast near the city’s port and the Israeli army said it struck a “military site” further north.
That came after Israel carried out hundreds of air strikes after a lightning Islamist-led offensive ousted president Bashar Assad in December, in what it said was a bid to prevent Syrian military assets from falling into hostile hands.
It also sent troops into a UN-patrolled buffer zone that has separated Israeli and Syrian forces on the strategic Golan Heights since 1974.
UN envoy for Syria Geir Pedersen said Tuesday he was “deeply concerned by continued violations of the 1974 Disengagement of Forces Agreement.”
Such actions, he warned in a statement, “are unacceptable and risk further destabilising an already fragile situation, heightening regional tensions, and undermining efforts toward de-escalation and a sustainable political transition.”
Israeli Prime Minister Benjamin Netanyahu said last month that southern Syria must be completely demilitarised, warning that his government would not accept the presence of the forces of the new Syrian Islamist-led government near its territory.
Even before Assad’s fall, during Syria’s civil war which broke out in 2011, Israel carried out hundreds of strikes in the neighboring country, mainly on government forces and Iranian-linked targets.
The same day Assad was ousted, Israel said its troops were entering the UN-patrolled buffer zone on the Golan Heights.
Israel seized much of the Golan Heights from Syria in a war in 1967, later annexing the area in a move largely unrecognized by the international community.
Pedersen’s statement called on Israel “to cease violations, uphold its international obligations, and refrain from unilateral measures that exacerbate conflict.”
It urged “all parties to respect Syria’s sovereignty, unity, independence, and territorial integrity.”
“Constructive dialogue and strict adherence to international agreements and international law are essential for security in Syria and the broader region.”


Trump administration again labels the Houthis a ‘foreign terrorist organization’

Trump administration again labels the Houthis a ‘foreign terrorist organization’
Updated 04 March 2025
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Trump administration again labels the Houthis a ‘foreign terrorist organization’

Trump administration again labels the Houthis a ‘foreign terrorist organization’
  • Secretary of State Marco Rubio announced the department had restored the designation

WASHINGTON: The State Department on Tuesday reinstated the “foreign terrorist organization” designation for Yemen’s Iran-backed Houthi group, fulfilling an order announced by President Donald Trump shortly after he took office.
Secretary of State Marco Rubio announced the department had restored the designation, which carries with it sanctions and penalties for anyone providing “material support” for the group.
“Since 2023, the Houthis have launched hundreds of attacks against commercial vessels in the Red Sea and Gulf of Aden, as well as US service members defending freedom of navigation and our regional partners,” Rubio said in a statement. “Most recently, the Houthis spared Chinese-flagged ships while targeting American and allied vessels.”
The Houthis have targeted more than 100 merchant vessels in the critical trade corridor with missiles and drones since the Israel-Hamas war in the Gaza Strip started in October 2023. In January, the group signaled that it will limit its attacks in the Red Sea corridor to only Israeli-affiliated ships after a ceasefire began in the Gaza Strip but warned wider assaults could resume if needed.
Trump’s first Republican administration had similarly designated the Houthis in its waning days, but the designation had been revoked by President Joe Biden’s Democratic administration over concerns it would badly affect the delivery of aid to Yemen, which was considered to be facing one of the world’s worst humanitarian crises.
The United Nations said last month that it suspended its humanitarian operations in the stronghold of Yemen’s Houthi rebels after they detained eight more UN staffers.
The rebels in recent months have detained dozens of UN staffers, as well as people associated with aid groups, civil society and the once-open US Embassy in Sanaa, Yemen’s capital. None of the UN staffers has been released.
The Iranian-backed Houthis have been fighting Yemen’s internationally recognized government, which is backed by a Saudi-led coalition, since 2014, when they descended from their stronghold in Saada and took control of Sanaa and most of the north.


Palestinian president welcomes Egyptian plan to rebuild Gaza

Palestinian president welcomes Egyptian plan to rebuild Gaza
Updated 23 min 49 sec ago
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Palestinian president welcomes Egyptian plan to rebuild Gaza

Palestinian president welcomes Egyptian plan to rebuild Gaza
  • Abbas also said he was ready to hold presidential and parliamentary elections if circumstances allow

CAIRO: Palestinian President Mahmoud Abbad said on Tuesday he welcomed an Egyptian plan to rebuild the Gaza Strip and urged US President Donald Trump to support such a plan that would not involve displacing Palestinian residents of the enclave.
Speaking at an Arab League summit that aims to counter Trump’s “Gaza Riviera” plan, Abbas also said he was ready to hold presidential and parliamentary elections if circumstances allow, adding his Palestinian Authority was the only legitimate governing and military force in the Palestinian Territories.
Abbas said that he would issue a general amnesty for all those dismissed from the Fatah movement which rules the West Bank.


UN’s Guterres supports Arab-led efforts to mobilize support for Gaza’s reconstruction

United Nations Secretary General Antonio Guterres. (File/AFP)
United Nations Secretary General Antonio Guterres. (File/AFP)
Updated 04 March 2025
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UN’s Guterres supports Arab-led efforts to mobilize support for Gaza’s reconstruction

United Nations Secretary General Antonio Guterres. (File/AFP)
  • Speaking at the Cairo summit, Guterres also called for the resumption “without delay” of negotiations on continuing a ceasefire in Gaza
  • He also expressed concern over an escalation of violence in the West Bank

CAIRO: United Nations Secretary General Antonio Guterres said on Tuesday he supported an Arab-led initiative to mobilize support for reconstruction of the Gaza Strip.
Egypt presented a plan for reconstruction of the Palestinian enclave on Tuesday at an Arab League summit in Cairo. The plan, seen by Reuters, aims to counter US President Donald Trump’s proposal to build a Middle East “Riviera” in the Gaza Strip.
Speaking at the Cairo summit, Guterres also called for the resumption “without delay” of negotiations on continuing a ceasefire in Gaza, and he expressed concern over an escalation of violence in the West Bank.