Current:Home > InvestThe head of a Saudi royal commission has been arrested on corruption charges -Elevate Capital Network
The head of a Saudi royal commission has been arrested on corruption charges
Fastexy Exchange View
Date:2025-04-07 03:29:04
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! (5)
Related
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Wheel comes off pickup truck, bounces over Indianapolis interstate median, kills 2nd driver
- US sets record for expensive weather disasters in a year -- with four months yet to go
- We unpack Jimmy Fallon and the 'Strike Force Five' podcast
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- UN food agency warns of ‘doom loop’ for world’s hungriest as governments cut aid and needs increase
- Officers fatally shoot a reportedly suicidal man armed with a gun, police in Nebraska say
- Evidence insufficient to charge BTK killer in Oklahoma cold case, prosecutor says
- American news website Axios laying off dozens of employees
- Harris, DeSantis, Giuliani among politicians marking Sept. 11 terror attacks at ground zero
Ranking
- Small twin
- US already struck by record number of billion-dollar disasters in 2023: NOAA
- North Carolina man charged with animal cruelty for tossing puppy from car window: report
- Tropical Storm Jova causes dangerous surf and rip currents along coasts of California and Mexico
- American news website Axios laying off dozens of employees
- Novak Djokovic wins U.S. Open, tying Margaret Court's all-time record of 24 major titles
- In the Michigan State story, Brenda Tracy is the believable one. Not coach Mel Tucker.
- Cyberattack shuts down IT systems at MGM hotels in Las Vegas
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Cedric the Entertainer's crime novel gives his grandfather redemption: 'Let this man win'
Chris Jones ends holdout, returns to Kansas City Chiefs on revised contract
Cybersecurity ‘issue’ prompts computer shutdowns at MGM Resorts properties across US
USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
'I'm drowning': Black teen cried for help as white teen tried to kill him, police say
Gen. Mark Milley on seeing through the fog of war in Ukraine
Inside Bachelor Nation's Hannah Godwin and Dylan Barbour's Rosy Honeymoon