US slaps sanctions on Lebanese tycoons, lawmaker over ‘corruption’

The US Treasury slaps sanctions on prominent Lebanese tycoons Jihad al-Arab and Dany Khoury and lawmaker Jamil Sayyed for allegedly benefitting from corruption and adding to the breakdown of the rule of law in their country.

The three “have each personally profited from the pervasive corruption and cronyism in Lebanon, enriching themselves at the expense of the Lebanese people and state institutions,” the US Treasury says.

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