Former Lebanese minister ordered released on $100,000 bail amid financial crime allegations

Lebanon ’s judicial authorities ordered the release on $100,000 bail Tuesday of a former economy minister who had been in detention for months over alleged financial crimes, officials said.

Amin Salam, who was detained in June, will be banned for traveling for six months as the investigation continues. He will stand trial once his case is ready at the Beirut Criminal Court, four judicial officials said.

The officials, who spoke on condition of anonymity in line with regulations, said Salam paid the bail and should be set free in the coming hours.

Lebanon’s state-run National News Agency reported the order of Salam’s release and the bail amount without giving further details.

Salam had been charged with forgery, embezzlement and misuse of public funds. Local media said at the time it was related to alleged extortion of private insurance companies and using funds from a committee that supervises those companies for his own expenses.

Salam had denied the charges.

Salam was economy minister for over three years. He was appointed in 2021 at a time when Lebanon’s economy had plummeted and the country was plagued by severe power outages, fuel shortages and stark food inflation.

Lebanon has been trying to reform its battered economy, which for decades has been rife with profiteering.