04:54 AM EDT, 06/05/2026 (MT Newswires) -- HSBC's ( HSBC ) private banking unit in Switzerland has been formally implicated in allegations that it helped former Lebanese central bank governor Riad Salameh embezzle $330 million, Le Monde reported Thursday, citing unnamed sources involved in a French investigation.

After two days of interrogations, two judges overseeing the proceedings charged the HSBC Private Bank Suisse with money laundering and conspiracy to commit offenses including embezzlement of public funds, breach of trust, or bribery of a public official, the report said.

The bank was ordered to pay 80 million euros ($93.1 million) in bail, the report said.

Salameh has publicly denied the allegations that he embezzled around $330 million between 2002 and 2015.

HSBC ( HSBC ) told MT Newswires in an email that it declines to comment on a legal matter, but added that they are continuing to cooperate in an ongoing investigation.

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