A prominent Lebanese businessman was charged over the weekend with embezzlement, distributing invalid checks and violating Lebanese fiscal laws in a case that local media have estimated could represent a loss of hundreds of millions of dollars to investors.

Salah Ezzedine, a financier and business mogul from Lebanon’s Shiite Muslim community who has ties to Hezbollah, the political and militant group, has been in custody since early September, when he declared bankruptcy and gave himself up to authorities.

Read more at The Wall Street Journal…

http://online.wsj.com/article/SB125289091661807629.html

 

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