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Money LaunderingFormer Qatar Airways Chairman and Finance Minister Sentenced to 20 Years for Money Laundering

Ali Sharif Al-Emadi, former chairman of Qatar Airways and ex-finance minister of Qatar, has been sentenced to 20 years in prison for money laundering, with charges involving over $5.6 billion. Additionally, he faces a significant fine. Al-Emadi, 55, was arrested in May 2021 during his tenure as a prominent business figure in the Middle East. The investigation focused solely on his activities as finance minister, not his other roles. He held the ministerial position from 2013 until his arrest and concurrently led the state-owned airline. The court has imposed a total fine of QAR61 billion rials ($16.8 billion), triple the amount he allegedly laundered. Alongside money laundering, he was found guilty of bribery, abuse of power, and misusing public funds, although specific details were not disclosed. Al-Emadi has the option to appeal the conviction, which was issued on January 10, as reported by Reuters on January 17. The court also convicted Nawaf bin Jassim bin Jabor Al Thani, a member of Qatar’s ruling family, for misusing public funds, sentencing him to six years in prison. Fourteen other individuals were also handed sentences, shocking Qatar’s financial community. A lawyer representing one of the defendants confirmed the details of the court document seen by Reuters.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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