Armed client holds bank staff hostage to access savings

An armed customer threatening to set himself ablaze held bank workers hostage throughout the day Thursday in Lebanon’s capital, demanding to withdraw his trapped savings to pay hospital fees, security sources and a family member said.

The incident is the latest between local banks and angry depositors unable to access savings that have been frozen in Lebanese banks after the country’s economy collapsed in 2019.

Usapang Bilyonaryo (Producer’s Cut) | EP 8: Edgar Saavedra

Edgar Saavedra is Chairman and co-founder of Megawide Construction Corporation. Under his direction, Megawide evolved into an engineering and infrastructure conglomerate with interests in transportation and airport operations. His vision is to turn the Philippines into a first world country through infrastructure.