Wednesday, October 12, 2016

Hariri corruption and the reconstruction of Beirut

"Solidere also symbolizes the extent to which reconstruction has blurred the boundaries between public interest and private profit. The process of postwar rebuilding was especially lucrative for members of government and their business associates, none more so than billionaire Prime Minister Rafiq Hariri, who upon purchasing $125 million of shares in Solidere became the largest shareholder in the very company to which his cabinet awarded the most lucrative reconstruction project. Hariri also owned Lebanon’s largest private construction company, whose director was appointed the head of the Council for Development and Reconstruction, meaning, in the words of architect Hashim Sarkis, that “the agency that the government used to control private development has now reversed its role.”"