Legal professional basic orders arrest of Finance Minister Ali Shareef al-Emadi as a part of an investigation, state media says.
Qatar’s lawyer basic has ordered the arrest of Finance Minister Ali Shareef al-Emadi as a part of an investigation into alleged misuse of public funds and abuse of energy, in keeping with state media.
Qatar Information Company (QNA) reported on Thursday that the choice had been taken after the assessment of paperwork and experiences concerning crimes associated to the general public sector.
An “expanded” investigation was below manner, it added.
“The lawyer basic has ordered the arrest of Minister of Finance Ali Sharif Al Emadi, and his questioning about issues raised within the experiences concerning crimes pertaining to public workplace, corresponding to injury to public funds, exploiting one’s publish, and abuse of energy,” QNA mentioned.
No different particulars had been instantly out there.
Al-Emadi, who oversaw the expansion of Qatar Nationwide Financial institution, has served as finance minister since 2013.
He sits on the board of Qatar’s highly effective $300bn sovereign wealth fund, the Qatar Funding Authority.
Al-Emadi steered Qatar’s financial insurance policies through the 2014-15 oil worth crash that prompted the tiny nation – in addition to different Gulf international locations – to speed up plans to diversify the economic system.
Qatar, a number one producer of liquefied pure fuel, noticed its economic system shrink by 3.7 p.c final yr as a result of coronavirus disaster and decrease international vitality demand.
Nonetheless, the contraction was lower than anticipated and was the smallest within the Gulf area, Worldwide Financial Fund information confirmed.
Al-Emadi was named 2020’s finest minister within the area by The Banker, a world monetary journal that organises an annual celebration of finance ministers.
Qatar, which can host the soccer World Cup subsequent yr, has invested closely in infrastructure over the previous few years within the run-up to the occasion, which suggests spending on huge tasks is about to lower this yr, the finance ministry has mentioned.
Actual gross home product is anticipated to develop 2.2 p.c this yr because of the rollout of vaccines, a gradual easing of coronavirus-related restrictions and a rise in oil demand and costs.