MP Jamil El Sayyed stated via his account on the “X” platform, on Monday, commenting on the so-called financial gap and deposit recovery law, and inquiring whether the Prime Minister will listen to advice or rely on the support of the Parliament for him.
El Sayyed presented the viewpoint of former judge Jean Tannous, known for his participation in financial investigations, who explained that the claim of the government and the Banque du Liban that the financial gap law project distributes losses “fairly” is an incorrect claim. He affirmed that achieving justice requires first identifying civil and criminal responsibilities, identifying the names of those who caused this gap, regardless of their identity, and identifying those who benefited from it, then recovering funds from them according to the size of each person’s responsibility.
Tannous explained that this path cannot be achieved through a law, but only through a judicial investigation, without concealing the identity of the perpetrators under the guise of “distributing losses” or the policy of “what’s done is done.” He emphasized the importance of the Parliament enacting a law to appoint a special and independent financial investigator, similar to the Icelandic model, considering this the only correct path towards a fair solution based on revealing facts, determining responsibilities, and holding perpetrators accountable instead of burdening victims with losses.
He concluded that the financial gap law project is fundamentally unconstitutional, and that it will certainly be repealed if it is presented for constitutional review, considering that continuing with it is a waste of time, and called for reversing it as quickly as possible.
