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An international consulting firm to conduct an audit in Lebanon

Beirut, Aug 19 (Prensa Latina) The international consulting firm Alvarez & Marshal on Thursday said it is ready to conduct a total forensic audit of all the accounts of the Central Bank of Lebanon (Banque du Liban-BDL).

Interim Finance Minister Ghazi Wazni will be in charge of closing the deal for the audit to be completed in a few days.

A source quoted by the digital version of the newspaper The Daily Star added that this company, based in New York, in the United States, has received all the data and documents requested for the audit.

According to reports, Alvarez & Marshal will have full power to freely interrogate.

Previously, the consulting firm had canceled its commitment with the government due to the refusal of the bank to cooperate, whose board refused to provide information by claiming bank secrecy.

However, the parliament passed a law that lifts that condition for a year to allow the investigation process to be accurate without excuses or pretexts. The source stressed that the firm still has another six months to carry out its work.

Lebanese President Michel Aoun heads all the forensic audit campaigns in all the BDL accounts and those of the public departments and ministries, a condition demanded by the International Monetary Fund.

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