File picture of Qatar’s Minister of Finance Ali Sherif Al Emadi speaks on the Qatar-U.Okay. Business and Investment Forum in London. Mr. al-Emadi, who was arrested in 2021, is going through costs of bribery and embezzlement.
| Photo Credit: Reuters
Qatar introduced on March 19 the nation’s former Finance Minister faces costs together with bribery and embezzlement from his time within the submit.
Ali Sharif al-Emadi was arrested in May 2021, with little about his case being made public. In a brief assertion on the state-run Qatar News Agency, prosecutors accused Mr. al-Emadi of the crimes and mentioned he would face trial in a felony courtroom.
It wasn’t instantly clear if Mr. 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.
Mr. al-Emadi rose to prominence within the Gulf Arab emirate as the present emir ascended the throne and after overseeing the transformation of Qatar National Bank into the most important lender within the Middle East.
Once considered one of Qatar’s strongest officers, Mr. 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. According to the Las Vegas-based Sovereign Wealth Fund Institute, the Qatar Investment Authority holds property of $475 billion.
Under Sheikh Tamim bin Hamad Al Thani, the ruling emir, Qatar not too long ago has sought to spice up its worldwide status by internet hosting the 2022 FIFA World Cup and selling political reforms. Sheikh Tamim additionally not too long ago changed the nation’s Prime Minister with out rationalization.
Source: www.thehindu.com
