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Ex-Lebanon PM, Bank Audi face charges over illicit loan profits

Lebanon's state prosecutor has brought charges against former Prime Minister Najib Mikati and Bank Audi SAL accusing them of making illicit profits through housing loans subsidized by the central bank, Reuters reported.

Ghada Aoun, the public prosecutor of Mount Lebanon, also brought charges against the ex-prime minister's son Maher and brother Taha, according to the news company NNA. A judicial source reportedly confirmed the charges.

Bank Audi denied that it was involved in any "illegitimate enrichment."

A communications adviser to Mikati said the loans met central bank regulations, and that the charges were likely politically motivated, the Oct. 23 report noted.