Qatar indicts ex-finance minister for bribery and embezzlement
Qatar has announced that the country’s former finance minister has faced charges of corruption and embezzlement since taking office.
Dubai, United Arab Emirates — Qatar announced on Sunday that the country’s former finance minister has been facing charges of corruption and embezzlement since his tenure.
Ali Sharif al-Emadi was arrested in May 2021, and little about his case has been made public. In a brief statement on the official Qatar News Agency, prosecutors charged al-Emadi with the crimes and said he would be tried in criminal court.
It was not immediately clear whether al-Emadi had a lawyer. The state report also did not specify how much money the former minister is accused of stealing.
Al-Emadi rose to prominence in the Gulf Arab emirate when the current emir ascended the throne and after overseeing the transformation of Qatar National Bank into the Middle East’s largest lender.
Once one of Qatar’s most powerful officials, al-Emadi has also served as chairman of the bank, a board member of Qatar’s sovereign wealth fund and chairman of the board of long-haul carrier Qatar Airways. According to the Las Vegas-based Sovereign Wealth Fund Institute, the Qatar Investment Authority holds assets of $475 billion.
Under Sheikh Tamim bin Hamad Al Thani, the ruling emir, Qatar has recently sought to bolster its international reputation by hosting the 2022 FIFA World Cup and pushing for political reforms. Sheikh Tamim also recently replaced the country’s prime minister without explanation.