Skip to main content

The Emirates Times

Linkedin Twitter Facebook Tumblr

The Emirates Times

– Make It Happen
Enquire Now
Menu
  • HOME
  • INTERVIEW
  • UAE
  • GULF NEWS
    • Dubai
    • Jordan
    • Bahrain
    • Abu Dhabi
    • Saudi Arabia
    • Oman
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • EVENT
  • SUCCESS STORIES
  • METAVERSE

The Emirates Times

– Make It Happen
Menu
  • Home
  • Interview
  • UAE
  • Gulf News
    • BUSINESS
    • Dubai
    • Jordan
    • Saudi Arabia
    • Abu Dhabi
    • Bahrain
    • Oman
  • Technology
  • Lifestyle
    • Biography
    • EVENT
  • Metaverse
Home Gulf News

An ex-minister of finance is found guilty by a Qatari court of laundering $5.6 billion.

January 18, 2024
in Gulf News, Qatar
0 0
0
An ex-minister of finance is found guilty by a Qatari court of laundering $5.6 billion.

According to a document seen by Reuters, a criminal court in Qatar sentenced the former finance minister of the Gulf Arab state to 20 years in prison for laundering more than $5.6 billion.

Additionally, according to the document, the court of first instance ordered Ali Sherif Al Emadi to pay a fine exceeding 61 billion Qatari riyals ($16.7 billion), which was divided into two parts: 40.9 billion riyals, or twice the amount of money he laundered, and additional fines totaling more than 21 billion riyals.

According to the same document, judges also ruled Sheikh Nawaf bin Jassim bin Jabor Al Thani guilty of misusing public funds. They also fined him 825 million riyals and gave him a six-year sentence.

The conviction, rendered on January 10 by the court, is subject to appeal by Emadi and Sheikh Nawaf, who were two of the fourteen defendants in the trial. Whether the two had entered pleas in response to the allegations during the trial was not immediately apparent.

When Reuters asked Emadi’s attorneys about the conviction, they did not reply, and the man hasn’t made any public remarks since his arrest.

Also Read:

UAE Launches Sirb Satellite Programme to Bolster Space Sector and Economic Growth 

UAE Welcomes Injured Palestinian Children and Families for Medical Treatment 

ShareTweetSend
Next Post
Travel plans for UAE citizens are impacted as hundreds of flights in India are canceled.

Travel plans for UAE citizens are impacted as hundreds of flights in India are canceled.

No Result
View All Result

Latest Posts

Mediclinic Parkview Hospital in Dubai to Undergo Dh420 Million Expansion
business

Mediclinic Parkview Hospital in Dubai to Undergo Dh420 Million Expansion

by Rohan Kumar
September 11, 2026
0

Major Investment Signals Growing Demand for Private Healthcare in Dubai Mediclinic Parkview Hospital, one of Dubai's prominent private healthcare facilities,...

Read more
Mubadala Takes $1 Billion Stake in China's Luckin Coffee in Major Consumer Sector Bet

Mubadala Takes $1 Billion Stake in China’s Luckin Coffee in Major Consumer Sector Bet

September 11, 2026
UAE to Invest €40 Billion in Germany as Sheikh Mohamed Deepens Berlin Ties

UAE to Invest €40 Billion in Germany as Sheikh Mohamed Deepens Berlin Ties

September 11, 2026
Shabab Al Ahli's Title Charge Stumbles as Dubai United Hold Them to Thrilling Draw

Shabab Al Ahli’s Title Charge Stumbles as Dubai United Hold Them to Thrilling Draw

September 11, 2026
Elon Musk's Boring Company to Build Over 150km of Tunnels Across the UAE in $3 Billion Dea

Elon Musk’s Boring Company to Build Over 150km of Tunnels Across the UAE in $3 Billion Deal

September 11, 2026

Follow Us

The Emirates Times

– Make It Happen
The Emirates Times is an English Language Internet media with a significant focus on business, technology, news, entrepreneurship, leadership, innovation, prominent business personalities, and many more, majorly in the GCC region. Further, the company publishes interviews, news, business content, press releases, etc. This platform also publishes about real estate, sports, metaverse, business ideas, and more.
Linkedin Twitter Facebook Tumblr

Important links

  • HOME
  • INTERVIEW
  • UAE
  • GULF NEWS
  • TECHNOLOGY
  • LIFESTYLE
  • METAVERSE

Contact Us

  • sales@theemiratestimes.com
  • +91-70-6556-6556

© 2024 theemiratestimes