Behind the Money

The ‘Ponzi scheme’ behind Lebanon’s economic collapse


Listen Later

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 crisis

Long-awaited auditor report slams governance at Lebanon central bank

Lebanon’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.

...more
View all episodesView all episodes
Download on the App Store

Behind the MoneyBy Financial Times

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

192 ratings


More shows like Behind the Money

View all
Economist Podcasts by The Economist

Economist Podcasts

4,283 Listeners

 by Financial Times

57 Listeners

World Business Report by BBC World Service

World Business Report

286 Listeners

Exchanges by Goldman Sachs

Exchanges

992 Listeners

Political Fix by Financial Times

Political Fix

150 Listeners

FT Tech Tonic by Financial Times

FT Tech Tonic

103 Listeners

Life and Art from FT Weekend by Financial Times

Life and Art from FT Weekend

199 Listeners

FT News Briefing by Financial Times

FT News Briefing

686 Listeners

The Intelligence from The Economist by The Economist

The Intelligence from The Economist

2,543 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,267 Listeners

The World in Brief from The Economist by The Economist

The World in Brief from The Economist

1,080 Listeners

The Rachman Review by Financial Times

The Rachman Review

138 Listeners

Working It by Financial Times

Working It

38 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

2 Listeners

The Markets by Goldman Sachs

The Markets

70 Listeners

Unhedged by Financial Times & Pushkin Industries

Unhedged

149 Listeners

Untold: Power for Sale by Financial Times

Untold: Power for Sale

133 Listeners

The Economics Show by Financial Times

The Economics Show

127 Listeners

Swamp Notes by Financial Times

Swamp Notes

18 Listeners