Tthe Middle East and Africa Bank in Beirut. (The Daily Star/Mohammad Azakir)
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Kassem Hejeij, accused by the United States of links to Hezbollah, may consider resigning as chairman of Middle East Africa Bank and hand over his post to his son or sell the majority shares if an opportunity arises, sources said Tuesday.On June 10, the U.S. Treasury named Hejeij and two other Shiite businessmen as having direct links to Hezbollah, which is labeled by Washington as a terrorist organization.The U.S. Treasury did not name the bank or even suggest that the lender should be sanctioned or closed by Lebanese financial authorities.The lawyer said no one raised the issue of selling the assets of MEAB to another bank.With $1.7 billion in assets, MEAB is considered rather small compared to most Lebanese banks.
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