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Home » Qatari court convicts ex-finance minister of laundering $5.6bn

Qatari court convicts ex-finance minister of laundering $5.6bn

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)

by NWMNewsDesk
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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.

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.

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.

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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Emadi was convicted on charges of bribery, abuse of position and power and damage to public funds in addition to money laundering, according to the document, which did not detail the nature of the corruption.

Emadi was arrested in May 2021 and fired as minister of finance.

Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani has said the investigation of Emadi was related to his capacity as finance minister, and not to other posts he held in the business community during his time as minister.

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