Rafik Hariri’s Business Dealings More Relevant Than Beirut Phone Records

Saad Hariri: One Year Leading by Remote Control

alakhbar

Saad Hariri appears on a giant screen during a televised speech in Biel Center, Downtown Beirut. (Photo: Haitham Moussawi)

By: Hassan Illeik

Published Saturday, May 19, 2012

Scene One: Saad Hariri put a piece of property up for sale in the Barbir area. According to sources close to the Saudi embassy in Beirut, the property forms part of a plot of land the Saudis want to turn into housing projects for the people of Beirut.

The sale of the land is not particularly noteworthy. Its value is merely pocket change for Hariri. The surprise lies in the names of those who stepped in to buy it.

They are the president of Riyadi (Sporting) Club, Hisham Jaroudi, the “republic’s contractor” and businessman, Jihad al-Arab (brother of the head of Hariri’s personal security detail), and the former head of Future TV, Nadim al-Munla.

All three had built or expanded their wealth under the Hariri family mantle. Ultimately, the land went to al-Arab for around US$37 million.

MORE AS THE THREAD DEVELOPS

Peter Chamberlin

therearenosunglasses@hotmail.com

Advertisements