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Qatar fees ex-finance minister with bribery, embezzlement - Global Business Newswire

Qatar had introduced the nation’s former finance minister faces fees together with bribery and embezzlement from his time within the put up DUBAI, United Arab Emirates — Qatar introduced Sunday the nation’s former finance minister faces fees together with bribery and embezzlement from his time within the put up. Ali Sharif al-Emadi was arrested in […] Qatar introduced Sunday the nation's former finance minister, Ali Sharif al-Emadi, who was arrested in Might 2021, with little about his case being made public. Prosecutors accused him of bribery, embezzlement, and said he would face trial in a prison court docket. Al-Eadi rose to prominence within Qatar as the present emir ascended the throne and oversaw the transformation of Qatar Nationwide Financial institution into the most important lender within the Center East. He was also chairman of the financial institution, on the board of Qatar’s sovereign wealth fund and as president of the chief board of long-haul provider Qatar Airways. The Qatar Funding Authority holds belongings of $475 billion. Sheikh Tamim bin Hamad Al Thani, the ruling emir, has also recently changed the nation’�s prime minister with out clarification.

Qatar fees ex-finance minister with bribery, embezzlement - Global Business Newswire

Published : 3 days ago by Lewis Luettgen in

DUBAI, United Arab Emirates — Qatar introduced Sunday the nation’s former finance minister faces fees together with bribery and embezzlement from his time within the put up.

Ali Sharif al-Emadi was arrested in Might 2021, with little about his case being made public. In a brief assertion on the state-run Qatar Information Company, prosecutors accused al-Emadi of the crimes and mentioned he would face trial in a prison court docket.

It wasn’t instantly clear if al-Emadi had a lawyer. The state information report additionally didn’t elaborate on how a lot cash the previous minister is accused of stealing.

Al-Emadi rose to prominence within the Gulf Arab emirate as the present emir ascended the throne and after overseeing the transformation of Qatar Nationwide Financial institution into the most important lender within the Center East.

As soon as one in every of Qatar’s strongest officers, al-Emadi additionally served as chairman of the financial institution, on the board of Qatar’s sovereign wealth fund and as president of the chief board of long-haul provider Qatar Airways. In line with the Las Vegas-based Sovereign Wealth Fund Institute, the Qatar Funding Authority holds belongings of $475 billion.

Below Sheikh Tamim bin Hamad Al Thani, the ruling emir, Qatar lately has sought to spice up its worldwide status by internet hosting the 2022 FIFA World Cup and selling political reforms. Sheikh Tamim additionally lately changed the nation’s prime minister with out clarification.


Topics: Qatar

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