Qatari Court Convicts Ex-Finance Minister Of Laundering $5.6 Billion: Document

(MENAFN- Khaleej Times) 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, according to a document outlining the judgement seen by Reuters.

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, the document shows.

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Emadi, who faced trial along with 14 others, can appeal against the conviction, which the court issued on January 10. It was not immediately clear whether he had entered pleas in answer to the charges during the trial.

Emadi's lawyers did not respond to Reuters' requests for comment on the conviction nor has he commented publicly since he was arrested.

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.

He 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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