Qatar charges ex-finance minister with bribery, embezzlement | Business and Economy News


Al-Emadi will face a prison trial following his 2021 arrest over embezzlement allegations.

Qatar’s former finance minister Ali Sherif al-Emadi will face a prison trial following his 2021 arrest over embezzlement allegations.

Al-Emadi was arrested in Might 2021 however little has been made public about his case. He’ll face trial, with an unspecified variety of others, over the costs, the state-run Qatar Information Company (QNA) stated in a brief assertion on Sunday.

“Since proof extracted from the case paperwork proved that the accused dedicated the crimes ascribed to them, the Legal professional Basic issued an order to refer the accused to the Legal Court docket to punish them for the crimes ascribed to them, which included bribery, appropriation of public cash, abuse of workplace, abuse of energy, harm to public cash and cash laundering,” the QNA report stated.

The report 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.

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 manager board of Qatar Airways.

Al-Emadi has not commented publicly on the case.

Reuters information company reported that Qatar’s Prime Minister and Overseas Minister Sheikh Mohammed bin Abdulrahman al-Thani has stated the investigation was associated to his capability as finance minister, and to not his posts on the sovereign fund or the financial institution.

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