Qatar’s ex-finance minister to face trial

Qatar’s former finance minister Ali Sherif al-Emadi will face a felony trial, the state information company mentioned Sunday, following his 2021 arrest over embezzlement allegations.
Emadi will face trial, with an unspecified variety of others, over expenses of bribery, abuse of place and energy, harm to public funds and cash laundering, Qatar Information Company mentioned. It’s unclear if all of them face the identical cost.
Emadi was arrested in Could 2021, stripped of his ministerial duties and shortly after faraway from the boards of the Qatar Funding Company and Qatar Nationwide Financial institution. He had beforehand served as CEO on the financial institution.
Emadi has not commented publicly on the case and Reuters has been unable to contact him.
Emadi was minister of finance within the rich Gulf Arab state from 2013 till his arrest and sat on the board of its highly effective $300 billion sovereign wealth fund, the Qatar Funding Authority, which owns 50% of Qatar Nationwide Financial institution.
Qatar’s Prime Minister and International Minister Sheikh Mohammed bin Abdulrahman Al-Thani has mentioned the investigation of Emadi was associated to his capability as finance minister, and to not his posts on the sovereign fund or the financial institution.


Leave a Reply

Your email address will not be published. Required fields are marked *