Monday, January 29, 2024
Saudi Arabia arrested the CEO of the Royal Commission for AlUla in misuse of Power and Money Laundering
Eng. Amr Al-Madani, who was the CEO of the Royal Commission for AlUla, was suspended and arrested on charges of misusing his power and money laundering the amount of 206 million riyals. Trending : Saudi Arabia allows conducting marriage contracts in the Two Holy Mosques
An official at the Oversight and Anti-Corruption Authority (Nazaha) said that Al-Madani's business partners were also arrested.
- Al-Madani was arrested because he illegally got contracts for the National Talents Company from King Abdullah City for Atomic and Renewable Energy, which is a form of misuse of power and money laundering.
- Al-Madani, who is one of the owners of the business, did this crime through a family member before he started working for the government.
- Around 20,66,30,905 Saudi Riyals worth of money was misplaced in the scam. When Al-Madani went to work for the government, he officially left the company but kept his stock in it. Most Viewed : AlUla is among the 7 wonders of the world in 2023
- He also told the Royal Commission's responsible departments about the deal, which helped them get projects worth a total of 12,98,923 Saudi Riyals. This way, he can get personal benefits from companies that work with the commission and make money from those projects through a family member.
- A family member named Muhammad Bin Sulaiman Al-Harbi, who is a Saudi citizen, was also taken. According to Al-Harbi, he did get money from the company and its owners and gave it to Al-Madani.
- The company's partners, Saudi citizens Saeed Bin Atef Ahmed Saeed and Jamal Bin Khalid Abdullah Al-Dabal, were also arrested because they had a secret deal with the CEO to handle charges of misuse of power and money laundering. Recommend : Saudi Arabia sold 1.8 billion riyals of cinema tickets in 2 years
- The suspects are being put through the legal process according to the rules and orders, and they will be taken to a court of law, the Nazaha authority said.
- According to the statement, the government will continue to go after anyone who misuses public funds or power for personal gain or to hurt the public interest.
- The Nazaha authority also said that it is still doing what the law says it should do to people who breach it, with no exceptions. Follow Saudi Expatriates on Pinterest
