Qatar’s Ex-Finance Minister Will Face Trial Due To High-Profile Money Laundering Case
Qatar's Minister of Finance Ali Sherif Al Emadi will face trial after his arrest in 2021 on the charges of Money Laundering and Bribery.
Here’s what happens when misuse of power meets its destination. Qatar’s Ex-Finance Minister is finally set to face trial before the court as he was arrested in 2021 on the charges of Money Laundering, Bribery, Corruption, and Misuse of power. Numerous other members are also being charged with corruption, bribery, and misuse of power. However, it is still unclear to the news media that they all will face the same charges.
Al Emadi was arrested in 2021 where he was laid off from his duties as Minister and also removed from the Board of Qatar Investment Agency. Previously, he served as CEO at a bank in Qatar.
Reuters says that Emadi was minister of finance in the wealthy Gulf Arab state from 2013 until his arrest and sat on the board of its powerful $300 billion sovereign wealth fund, the Qatar Investment Authority, which owns 50% of Qatar National Bank.
1/3. Qatar's Minister of Finance Ali Sherif Al Emadi says the #peninsular is in a comfortable economic position #Qatar #taarifarwanda pic.twitter.com/dubXnOaZdh
— Taarifa Rwanda (@taarifarwanda) June 12, 2017
The Prime Minister of Qatar has said that this investigation is only limited to the position of the Finance Minister and not to the post at the bank.