Saudi Arabia’s AlUla Commission Boss Amr Al-Madani Arrested on Corruption Allegations
Amr Al-Madani, the CEO of Saudi Arabia’s Royal Commission for AlUla (Rcu) has been arrested in connection to allegations of corruption.
Nazaha, Saudia Arabia’s oversight and anti-corruption authority, posted a statement on Sunday saying Al-Madani had been arrested for his involvement in “crimes of abuse of authority and money laundering.”
He is accused of benefiting from “illegally obtained contracts” valued at around $55 million made between Saudia Arabia’s sustainable energy research sector and the National Talents Company, a group he partially owns. Al Madani is also accused of directly profiting from the projects through money transfers from two family members employed by the company, who, according to Nazaha, have also been arrested and confessed to their involvement. Al-Madani is in custody awaiting prosecution. He has been replaced as acting head of the commission by Abeer Al Akel.
Nazaha said Al-Madani continued to hold a stake in National Talents...
Nazaha, Saudia Arabia’s oversight and anti-corruption authority, posted a statement on Sunday saying Al-Madani had been arrested for his involvement in “crimes of abuse of authority and money laundering.”
He is accused of benefiting from “illegally obtained contracts” valued at around $55 million made between Saudia Arabia’s sustainable energy research sector and the National Talents Company, a group he partially owns. Al Madani is also accused of directly profiting from the projects through money transfers from two family members employed by the company, who, according to Nazaha, have also been arrested and confessed to their involvement. Al-Madani is in custody awaiting prosecution. He has been replaced as acting head of the commission by Abeer Al Akel.
Nazaha said Al-Madani continued to hold a stake in National Talents...
- 1/31/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
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