Posted by : Aahil Shaik 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

Saudi Arabia arrested the CEO of the Royal Commission for AlUla -

Saudi Arabia arrested the CEO of the Royal Commission for AlUla -

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