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The ‘Ponzi scheme’ behind Lebanon’s economic collapse

The ‘Ponzi scheme’ behind Lebanon’s economic collapse

FromBehind the Money


The ‘Ponzi scheme’ behind Lebanon’s economic collapse

FromBehind the Money

ratings:
Length:
22 minutes
Released:
Dec 13, 2023
Format:
Podcast episode

Description

For years, Riad Salameh was praised for his revolutionary financial policies as head of Lebanon’s central bank. But suddenly, the country plunged into an economic crisis. And Salameh left the central bank with a disgraced reputation and, investigators believe, a massive personal fortune. So what happened? The FT’s Middle East correspondent Raya Jalabi walks us through the storm of allegations Salameh faces, and the decisions he made that economists think sparked the entire crisis.Clips from Associated Press, CNN, TRT World, DW News, Al Jazeera English, France 24, Asharq News, Annahar News- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:‘The magician’: Riad Salameh and the plundering of Lebanon‘It’s cool to have money again’: wealthy Lebanese party out the crisisLong-awaited auditor report slams governance at Lebanon central bankLebanon’s ex-central bank chief hit with international sanctions for alleged graft- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Raya Jalabi (@rayajalabi) and Saffeya Ahmed (@saffeya_ahmed)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Released:
Dec 13, 2023
Format:
Podcast episode

Titles in the series (100)

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the big business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted by Aimee Keane.