EU says $132 million in Lebanese assets frozen over money laundering concerns

The European Union’s criminal justice coordination agency Eurojust Monday said it assisted in freezing some 120 million euros ($132 million) of Lebanese assets linked to a money laundering investigation.

The properties and bank accounts, linked to five people suspected of embezzling some $330 million, were seized in France, Germany, Luxembourg, Monaco and Belgium, Eurojust said in statement said.

It did identify the suspects.

Source: Alarabiya