MP Elias Hankach has condemned the so-called “financial gap law” in its current form, describing it as completely unacceptable and warning that it undermines justice and the rights of bank depositors.

Hankach told This Is Lebanon that the draft law had already faced significant opposition within the cabinet, with several ministers voting against it due to what he called “fundamental loopholes that strike at the core of fairness.”

“The opposition is based on four key points, the most important being the absence of any prior criminal investigation,” Hankach said. “A law of this scale and complexity cannot be enacted without uncovering the truth and holding those responsible accountable.”

He added that the financial figures presented in the bill are unclear, stressing that “people cannot be made to bear losses without knowing precisely what is theirs and what is owed.”

Hankach further criticized the law for failing to provide a clear plan for the fate of depositors and for not guaranteeing their rights. He also highlighted serious legal concerns regarding the authority responsible for deciding the disposition of funds and the right to challenge decisions, which, he said, could expose the State to “major constitutional and legal complications.”