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Hostage standoff at Lebanese bank ends after savings unfrozen

Arab World Materials 12 August 2022 00:35 (UTC +04:00)

A hostage standoff in a bank in Lebanon's capital Beirut ended without injury after the bank agreed to unfreeze part of an armed man's savings, Trend reports citing Xinhua.

In the seven-hour crisis in the Federal Bank of Lebanon, Bassam Al Sheikh Hussein, 42, threatened to kill clients and employees at the bank if he could not withdraw his savings of 209,000 U.S. dollars to pay for his father's medical treatment.

After hours of negotiations, Hussein accepted an offer from the bank to withdraw 35,000 U.S. dollars of his savings, and then released his hostages and surrendered.

A deep financial crisis in Lebanon has compelled banks to place heavy restrictions on depositors' withdrawals.

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