Central Bank Governor Riad Salameh Thursday dismissed allegations that BDL did not cooperate with auditing firm Alvarez & Marsal, stressing that some of requirements made by the auditing team violated money and credit law as well as banking secrecy.
“Let’s be clear. The contract was signed between Alvarez & Marsal and the Finance Ministry, not with BDL. However, BDL’s Central Board of directors answered some of the questions sent by the auditing company and declined to answer others as they contradict the money and credit law and banking secrecy,” the governor told The Daily Star in an interview over the phone.
Read the Full Article at the Daily Star: https://bit.ly/2G893hp
Source: The Daily Star