The US Embassy in Beirut shared the following statement: \u201cToday, the U.S. Department of the Treasury\u2019s Office of Foreign Assets Control (OFAC) designated two Lebanese businessmen and a member of Parliament whose actions have contributed to the breakdown of good governance and the rule of law in Lebanon. Jihad al-Arab, Dany Khoury, and Jamil Sayyed have each personally profited from the pervasive corruption and cronyism in Lebanon, enriching themselves at the expense of the Lebanese people and state institutions. These individuals, who are members of Lebanon\u2019s business and political elite, are being designated pursuant to Executive Order (E.O.) 13441, which targets persons contributing to the breakdown of the rule of law in Lebanon.<\/P>
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\u201cThe Lebanese people deserve an end to the endemic corruption perpetuated by businessmen and politicians who have driven their country into an unprecedented crisis,\u201d said Director of the Office of Foreign Assets Control Andrea M. Gacki. \u201cNow is the time to implement necessary economic reforms and put an end to the corrupt practices eroding Lebanon\u2019s foundations. Treasury will not hesitate to use its tools to address impunity in Lebanon.\u201d<\/P>
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Today\u2019s action aims to hold to account those in Lebanon\u2019s business and political elite who have benefitted from improper tendering practices for inflated contracts and a pervasive culture of cronyism that undermines Lebanon\u2019s institutions, rule of law, and economic stabilityand demonstrates U.S. support for the Lebanese people in their calls for transparency and accountability.\u201d<\/P>
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Source: National News Agency<\/P>
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The US Embassy in Beirut shared the following statement: \u201cToday, the U.S. Department of the Treasury\u2019s Office of Foreign Assets Control (OFAC) designated two Lebanese businessmen and a member of Parliament whose actions have contributed to the breakdo…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1780],"tags":[],"yoast_head":"\n