Alvarez & Marsal Ready to Audit Lebanon if Data Delivered: Wazni

Alvarez & Marsal Inc is ready to resume its forensic audit of Lebanon’s public accounts provided the central bank hands over data it had previously withheld, caretaker Finance Minister Ghazi Wazni said.

The auditing firm, which was brought in to examine the accounts of state-run entities following the country’s financial collapse, abruptly halted its work in November after the central bank refused to deliver all the information it had requested.

The central bank said at the time that banking secrecy laws dating back to the 1950s prevent it from disclosing much of the information. It handed over 42% of the ...