Qatar Finance Minister under investigation for public fund embezzlement

Qatar’s public prosecutor has ordered the arrest of Finance Minister Ali Sharif Al-Emadi for questioning over alleged embezzlement of public money and power abuse.

State-run news agency, QNA, on Thursday said country’s ruler Sheikh Tamim bin Hamad Al Thani dismissed Al Emadi who has been finance minister since 2013, the year Sheikh Al Thani ascended to power.

The public prosecutor subsequently issued the arrest of the prominent minister after reviewing the papers and the reports sent by the Attorney General’s office, alleging crimes related to the public office, such as damaging public money, exploiting the job, and abusing power.

Sheikh Mohammed bin Abdul Rahman Al Thani, Deputy Prime Minister and Minister of Foreign Affairs of Qatar, indicated that the investigation is ongoing.

“No one is above the law in Qatar, and the investigation of the Minister of Finance is still ongoing,” he said. The arrest of the minister is unprecedented.

Al Emadi is credited with the gas-rich country’s revamped financial system. He is also reckoned with the transformation of Qatar National Bank from a local champion into the region’s biggest lender as its chief executive from 2007 to 2013.

He also serves as chairman of the bank’s board, presides over the executive board of Qatar Airways and is board member of the country’s powerful sovereign wealth fund, the Qatar Investment Authority.

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