There is news circulating about an embezzlement that occurred at a branch of a local bank in the Keserwan area. According to reports, a branch manager withdrew two million dollars from the accounts of a depositor and fled to an unknown location, believed to be outside Lebanon.
Al Modon was the only media outlet to name the bank as Cedrus Bank, but the bank has denied that such an embezzlement took place. Other news outlets reported that the account holder filed a lawsuit against both the bank and the employee.
What’s puzzling about this story is the fact that branches hold such large amounts of money in their safes, especially after the 2019 crisis and the shortage of US dollars—unless it was a transfer to a foreign account in a shady country. In that case, good luck trying to recover that money!