Lebanese Contractors Syndicate for Public Works & Buildings

Many Lebanese workers have entrusted their retirement savings to their syndicate.

Syndicate pension schemes account for a significant proportion of the total savings involved in the collapse of the banking sector.

These funds should have enabled retired Lebanese workers to meet their financial needs in a country where economic instability has set in.

While Lebanese bankers remain the main culprits, syndicate leaders have been caught red-handed in their incompetence.

Through decades of flawed administration, they left their members’ savings exposed to the banking crisis.

Moreover, many syndicate leaders have close ties with the Lebanese banking-political elite, creating a blatant conflict of interest and casting serious doubt on their involvement in the current crisis.

Whereas Lebanon once had a period when its syndicates sincerely represented their members, today it is witnessing their decline.

The Lebanese Contractors Syndicate for Public Works & Buildings

http://www.lcsyndicate.com.lb/

iran EXPOSED