Qatar’s finance minister arrested on alleged embezzlement

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SAINT PETERSBURG, RUSSIA - JUNE 06: Ali Shareef Al-Emadi, Minister of Finance of Qatar (Photo by Sefa Karacan/Anadolu Agency/Getty Images)

Qatar Finance Minister Ali Sherif al-Emadi has been arrested for questioning over allegations of embezzlement, abuse of power and crimes related to the public sector, a statement carried by state news agency QNA said on Thursday.

An investigation is underway, the statement added.

According to a Reuters report, 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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