QNB Removes Former Finance Minister from Board Published May 26th, 2021 - 01:00 GMT
Emadi has not commented publicly on the probe and has not been charged with an offense. Reuters had been unable to contact him while he is in police custody. (Shutterstock)
Qatar National Bank said on Tuesday that former Qatar Finance Minister Ali Sherif Al-Emadi has been removed from the bank’s board of directors after his arrest earlier this month over embezzlement allegations.
“Qatar National Bank announced that the Qatar Investment Authority (QIA) has decided to withdraw the board membership from Mr. Ali Shareef Al-Emadi as a representative of QIA on the Board of Directors of Qatar National Bank,” the lender said in a bourse filing.