Current:Home > StocksThe head of a Saudi royal commission has been arrested on corruption charges -Core Financial Strategies
The head of a Saudi royal commission has been arrested on corruption charges
View
Date:2025-04-17 17:14:00
DUBAI, United Arab Emirates (AP) — The CEO overseeing Saudi Arabia’s royal commission for its historic al-Ula site has been arrested on corruption and money-laundering charges over some $55 million in contracts, officials said.
The charges target Amr bin Saleh Abdulrahman al-Madani in part over “illegally obtaining” contracts to benefit a private company he had interests in through a relative before joining the government, the kingdom’s Oversight and Anti-Corruption Authority said in a statement late Sunday. The contracts relate to the Kingdom Abdullah City for Atomic and Renewable Energy, the statement said.
It said Al-Madani also recommended that private company for additional contracts through his work on the commission for al-Ula, an ancient desert city that’s been one focus of Saudi Arabia’s push for tourists.
It was not clear if al-Madani had a lawyer. The statement of the charges also were carried by the state-run Saudi Press Agency.
Saudi Arabia under King Salman and his assertive son, Crown Prince Mohammed bin Salman, conducted a wide-ranging sweep of arrests after taking power over alleged corruption charges in 2017 that saw princes and other powerful members of its business community locked up in the Ritz-Carlton hotel in the capital, Riyadh. That netted the government around $106.6 billion and secured Prince Mohammed’s power base.
veryGood! (437)
Related
- Arkansas State Police probe death of woman found after officer
- Forever Chemicals’ Toxic Legacy at Chicago’s Airports
- Tensions running high at New England campuses over protests around Israel-Hamas war
- Which stores are open and closed Thanksgiving 2023? See Target, Walmart, Costco holiday hours
- The Super Bowl could end in a 'three
- Biden’s movable wall is criticized by environmentalists and those who want more border security
- Former Indiana legislator agrees to plead guilty to fraud in casino corruption scheme
- Tensions running high at New England campuses over protests around Israel-Hamas war
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- This physics professor ran 3,000 miles across America in record time
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Pregnant Teen Mom Star Kailyn Lowry Reveals the True Sexes of Her Twins
- How Taylor Swift reporter Bryan West's video cover letter landed him the gig: Watch the video
- The Best Fleece-Lined Leggings of 2023 to Wear This Winter, According to Reviewers
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Barbra Streisand says she's not a diva - she's a director
- Sudanese American rapper Bas on using music to cope with the brutal conflict in Sudan
- Shania Twain Speaks Out After Very Scary Tour Bus Crash
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Forever Chemicals’ Toxic Legacy at Chicago’s Airports
Why Hunger Games Prequel Star Hunter Schafer Wants to Have a Drink With Jennifer Lawrence
Anchorage adds to record homeless death total as major winter storm drops more than 2 feet of snow
Trump invites nearly all federal workers to quit now, get paid through September
U.S. veterans use art to help female Afghan soldiers who fled their country process their pain
Michigan coach Jim Harbaugh suspended by Big Ten as part of sign-stealing investigation
Michigan man cleared of sexual assault after 35 years in prison