Current:Home > StocksThe head of a Saudi royal commission has been arrested on corruption charges -TrueNorth Finance Path
The head of a Saudi royal commission has been arrested on corruption charges
View
Date:2025-04-15 04:16:22
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! (61)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Why Love Is Blind Fans Think Chelsea Blackwell and Jimmy Presnell Are Dating Again
- Spring Ahead with Kate Spade Outlet’s Weekend Deals – $59 Crossbodies, $29 Wristlets & More
- How Barry Keoghan Paid Tribute to Sabrina Carpenter at Pre-Oscars 2024 Parties
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Bill to protect election officials unanimously passes Maryland Senate
- NH troopers shoot and kill armed man during a foot pursuit with a police dog, attorney general says
- The Most Shocking Moments in Oscars History, From Will Smith's Slap to La La Land's Fake Win
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Lake Mead's water levels rose again in February, highest in 3 years. Will it last?
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Virginia governor signs 64 bills into law, vetoes 8 others as legislative session winds down
- Weather beatdown leaves towering Maine landmark surrounded by crime scene tape
- Michigan residents urged not to pick up debris from explosive vaping supplies fire that killed 1
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- OpenAI has ‘full confidence’ in CEO Sam Altman after investigation, reinstates him to board
- Pitch Perfect's Adam Devine and Wife Chloe Bridges Welcome First Baby
- OpenAI has ‘full confidence’ in CEO Sam Altman after investigation, reinstates him to board
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Natalie Portman and husband Benjamin Millepied finalize divorce after 11 years of marriage
Lawmakers hope bill package will ease Rhode Island’s housing crisis
Q&A: The Latest in the Battle Over Plastic Bag Bans
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Appeal canceled, plea hearing set for Carlee Russell, woman who faked her own abduction
Female representation remains low in US statehouses, particularly Democrats in the South
Duchess Meghan talks inaccurate portrayals of women on screen, praises 'incredible' Harry