Depositors ”ready to burn” the homes of bank owners, warns a collective

Depositors threatened to set fire to bank owners’ homes on Wednesday and accused the Lebanese legal system of denying them access to their frozen bank deposits, Rami Ollaik, a lawyer and founder of the group, told L’Orient Today on Wednesday. Lebanese depositors, Mouttahidoun.

This threat was made “in light of all the violations of (depositors’) rights and the dubious insistence of the Lebanese judicial system on neglecting its role in the realization of justice, which confirms its complicity with the bank owners”. , Mr. Ollaik said.

In the statement issued by Mouttahidoun (“United” in Arabic) – which supports depositors forcibly withdrawing their own money from banks – the depositors said they would “hold the legal system fully responsible for anything that may arise” from the burning of the the houses of the owners of the banks. According to the statement, the applicants are “currently preparing” to burn down the homes in question, but have not indicated when they would do so.

Earlier on Wednesday, Cry of Depositors, another advocacy group, staged a sit-in outside the Banque du Liban in Beirut protesting the bank’s actions to cut into depositors’ money, the national news agency reported.

Recent BDL circulars have indirectly validated illegal banking restrictions imposed over the past three years, while the authorities have allowed the introduction of de facto capital controls in the absence of any law regulating such measures.

Depositors threatened to set fire to bank owners’ homes on Wednesday and accused the Lebanese legal system of denying them access to their frozen bank deposits, Rami Ollaik, a lawyer and founder of the group, told L’Orient Today on Wednesday. Lebanese depositors, Mouttahidoun. This threat was made “in light of all…

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