Bassam Sheikh Hussein entered the Federal Bank in Hamra last week and demanded his deposit, after threatening those in the bank with weapons.
The Federal Bank, which had pledged not to press charges against him if he releases the hostages, came back on its promise and proceeded in filing a lawsuit against him. Meanwhile, Hussein was held in custody and went on a hunger strike.
The bank reportedly demanded the harshest possible punishment on him as a measure to prevent other depositors to take similar actions for their money.
It triggered a reaction among the public and led to a sit-in in protest on Tuesday morning in front of the Justice Palace in Beirut.
The agent of the Federal Bank dropped the lawsuit on Tuesday, and the Public Prosecutor, Judge Ghassan Oweidat, decided to release Hussein with a residency permit.
