7.7 C
London
Tuesday, February 27, 2024

Qatar fees ex-finance minister with bribery, embezzlement

Must read

- Advertisement -


Qatar had introduced the nation’s former finance minister faces fees together with bribery and embezzlement from his time within the submit

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 submit.

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 stated he would face trial in a felony courtroom.

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 biggest lender within the Center East.

- Advertisement -

As soon as one in all 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. Based on 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 just lately has sought to spice up its worldwide status by way of internet hosting the 2022 FIFA World Cup and selling political reforms. Sheikh Tamim additionally just lately changed the nation’s prime minister with out rationalization.



Source link

More articles

- Advertisement -

Latest article