Wednesday, 17 January 2024

Exclusive: Qatari court convicts ex-finance minister of laundering $5.6bn - document | Reuters

Exclusive: Qatari court convicts ex-finance minister of laundering $5.6bn - document | Reuters


A criminal court in Qatar has sentenced the Gulf Arab state's former finance minister to 20 years in prison for laundering more than $5.6 billion, according to a document outlining the judgment seen by Reuters.

The court of first instance also ordered Ali Sherif al-Emadi to pay a fine in excess of 61 billion Qatari riyals ($16.7 billion), consisting of 40.9 billion riyals -- or twice the amount of money he laundered -- plus additional fines amounting to more than 21 billion riyals, the document shows.

Judges also found Sheikh Nawaf bin Jassim bin Jabor Al Thani, a high-ranking member of Qatar's ruling family and a brother of Qatar's former prime minister, guilty of misuse of public funds, sentencing him to six years in prison and fined him 825 million riyals, the same document shows.

Emadi and Sheikh Nawaf, who faced trial along with 14 others, can appeal against the conviction, which the court issued on Jan. 10. It was not immediately clear whether the two had entered pleas in answer to the charges during the trial.

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