HOW WAS THE LARGEST ROBBERY IN LEBANON’S HISTORY PERPETRATED:
Rana used all kinds of fraudulent activities, including forgery, document fabrication and fraud maneuvers in order to pull off her crime of stealing the money of Dr Adnan and the depositors.
Dr Adnan was regularly sending money transfers to his personal account at Bank AI-Madina from his bank accounts in Saudi Arabia and Switzerland.
Rana used to convince him that the transfers were badly needed either in order to enhance the bank liquidity, or to increase the bank capital in preparation for its expansion and upcoming merger of the two sister banks. For that purpose, she even faxed him several letters and communications between Bank AI-Madina and the Central Bank of Lebanon in which the Central Bank agreed to the merger of the two sister banks (Bank AI-Madina and United Credit Bank) and to the capital increase provided that 180 millions dollars is pumped by Dr Adnan. Those letters were lately found to have been forged by her and are currently the subject of a lawsuit brought by the Central Bank of Lebanon Governor against the perpetrator.
Dr Adnan was sending the money transfers to his personal bank account # 69911 at Bank AI-Madina. However, Rana, with the help of her mob, was able to falsify bank records and to reroute the inward bank transfers sent by Dr Adnan to other specific accounts and then stealing it by withdrawing it in cash, or by cheques, or transferring it to other bank accounts inside and outside the country.
The total amount of these transfers made by Dr Adnan to his personal account at Bank AI-Madina was 790 millions US dollars which she embezzled completely.
The personal bank account # 69911 of Dr Adnan to which all the transfers were made was recently, and after the scam was discovered, found to be non-existent neither in the bank records nor in the bank computer system. It was wiped out completely with no trace of the 790 millions dollars. This confirms that an organized conspiracy has been planned and included among others, the swift department, the accounting department and the external audit firm.
In addition to stealing Dr Adnan’s savings, Rana was also able to steal the depositors’ money through many bank loans that she managed to get from Bank AI-Madina to her and her brothers and accomplices without any tangible backing or collateral. Her loan balance reached at one time 310 Millions Dollars.
"Bank AI-Madina Conspiracy" Main Events and Timeline October 14, 2004 that the bank situation is excellent and that its liquidity is the highest among all banks in the country. For that purpose, she used to show him the fake financial and accounting reports about the bank situation that she made up with her accomplices.
Rana’s golden opportunity was during the period of 2000 to 2002 when the General Manager, Mr. Ibrahim, spent extended periods abroad, in Canada and the United States, seeking medical treatment for certain health problems.
Everyone who knew this woman say that she is a wicked dangerous woman ready to do anything to achieve her heartless objectives. Lies and deception were her daily bread. She is a highly professional liar, an expert in bribery, money laundering and forgery of classified material.