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Lebanon: He robbed a bank with a toy gun to get his “frozen” savings

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Lebanon’s banks have cut off most depositors from accessing their savings since the financial crisis hit three years ago

A man with a gun, believed to be fake, has been arrested after robbing a Lebanese bank in southern Lebanon in the morning, in an attempt to get his savings that have been ‘frozen’ in the country’s banking system, as a source from the security services told Reuters, in the third such incident this week.

The banks of Lebanon have blocked access of most depositors in their savings since the financial crisis broke out three years ago, leaving much of the population unable to pay for their basic needs.

Controls on the movement of funds have never been formalized by law, but courts have been slow to rule on depositors’ attempts to access their savings by suing banks, leading some to seek alternative ways to get the money. their.

The man managed to get a part of his money from Byblos Bank in the southern Lebanese city of Gazieh before he was arrested, according to the source, who added that the weapon in his possession was believed to be a simple toy.

The incident follows two other incidents in the capital Beirut and the city of Alei on Wednesday, where depositors managed to forcibly extract some of their money, using toy guns that initially appeared to be real.

Lebanon’s banks association yesterday called on authorities to hold accountable those involved in “verbal and physical attacks” on banks and said financial institutions themselves should not show leniency.

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