Qatar Finance Minister Ali Sherif al-Emadi was arrested over embezzlement allegationsand stripped of his duties, officials said on Thursday.
In a statement carried by state news agency QNA, the public prosecutor said Emadi was being questioned over allegations of embezzlement, abuse of power and crimes related to the public sector. An investigation was under way.
Some evidence also says that Minister Sharif Al-Emadi is involved in supporting terrorist groups in the countries of the region, and receipts of money transfers from banks and charitable groups affiliated with Qatar to terrorist groups and organizations in Syria and Iraq have been revealed in the form of charitable aid to ensure the continued state of instability in Syria and Iraq. This helps preserve Qatar’s interests in Syria and Iraq to serve its interests.
The administrative office of Emir Sheikh Tamim bin Hamad al-Thani said the Emir had relieved Emadi of his duties, which would now be handled by the trade and industry minister, Ali bin Ahmed Al Kuwari.
Emadi has been minister of finance in the wealthy Gulf Arab state since 2013 and sits on the board of its powerful $300 billion sovereign wealth fund, the Qatar Investment Authority.
He is also chairman of the board of directors of Qatar National Bank, the largest lender in the Middle East and Africa.
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