Current:Home > FinanceThe head of a Saudi royal commission has been arrested on corruption charges -Edge Finance Strategies
The head of a Saudi royal commission has been arrested on corruption charges
View
Date:2025-04-26 04:20:39
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! (6241)
Related
- Tom Holland's New Venture Revealed
- Uncracking Taylor Swift’s Joe Alwyn Easter Egg at the Tortured Poets Department Event
- Trump Media plunges amid plan to issue more shares. It's lost $7 billion in value since its peak.
- The Biden administration recruits 15 states to help enforce airline consumer laws
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Rico Wade: Hip-hop community, Atlanta react to the death of the legendary producer
- Alexa and Carlos PenaVega reveal stillbirth of daughter: 'It has been a painful journey'
- Governor’s pandemic rules for bars violated North Carolina Constitution, appeals court says
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- How Kansas women’s disappearance on a drive to pick up kids led to 4 arrests in Oklahoma
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 'American Idol' recap: First platinum ticket singer sent home as six contestants say goodbye
- Caitlin Clark will play right away and drive ticket sales. What about other WNBA draftees?
- Duchess Meghan teases first product from American Riviera Orchard lifestyle brand
- Grammy nominee Teddy Swims on love, growth and embracing change
- Riley Strain’s Mom Shares New Information From Final Messages Sent Before Disappearance
- Mayor of North Carolina’s capital city won’t seek reelection this fall
- 2 men exchange gunfire at Flint bus station, leaving 1 in critical condition
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Notorious B.I.G., ABBA, Green Day added to the National Recording Registry. See the list
H&R Block customers experience outages ahead of the Tax Day deadline
Kristin Cavallari Sets the Record Straight on Baby Plans With Boyfriend Mark Estes
Woman dies after Singapore family of 3 gets into accident in Taiwan
Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy
Business boom: Record numbers of people are starting up new small businesses
Alexa and Carlos PenaVega reveal stillbirth of daughter: 'It has been a painful journey'