Al-Madina Bank scandal
From Wikipedia, the free encyclopedia
Al-Madina Bank (Arabic: بنك المدينة) was a Lebanese bank that was seized by the Banque du Liban and closed completely in 2003[1][2] because of its mysterious case of suspicion in money laundering, corruption and fraud.[3][2] The main figure in the scandal was Rana Koleilat,[4] but also Adnan Abu Ayyash, the bank owner, and his brother Ibrahim.[5][6][7] As many as 135 people may have been involved in the corruption case,[8] included political, military, financial and legal figures.[9]
The total amount of money lost from the bank was 1.65 billion US dollars.[9]