Beirut bombshell

Fortune reports there may have been more to the assasination of Lebanese Prime Minister Rafik Hariri other than Syrian intel trying to silence an opponent of the 3-decade long occupation of Lebanon. Fortune reports the guilty were seeking to cover up their involvment in a bank fraud scandal that siphoned hundreds of millions of dollars to top Syrian and Lebanese officials.

"Bank documents, court filings, and interviews with investigators and other sources show that some of the officials were deeply involved from the late 1990s until early 2003 in a kickback scheme that supplied them with cash, real estate, cars, and jewelry in exchange for protecting and facilitating a multibillion-dollar money laundering operation at Lebanon's Bank al-Madina that allowed terrorist organizations, peddlers of West African "blood diamonds," Saddam Hussein, and Russian gangsters to hide income and convert hot money into legitimate bank accounts around the world."

"Was the scandal part of the reason Hariri was killed?" asks Marwan Hamade, Lebanon's Minister of Telecommunications and a Hariri confidant who was himself the target of a car-bomb assassination attempt. "Absolutely. It was certainly one of the cumulative reasons. If he had been reelected, Hariri would have reopened the file, which we know goes directly to [Syrian President Bashar] Assad through the [Lebanese] presidential palace in Baabda."

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