Khadem al Qubaisi, who once headed Abu Dhabi's International Petroleum Investment Co., was handed a 15-year prison sentence and Mohammed Badawy al Husseiny, a U.S. citizen who ran a subsidiary Mr Qubaisi's arrest comes weeks after the US justice department alleged he was part of a conspiracy to misappropriate about $1.37bn from a pair of Ipic-guaranteed bonds issued by 1MDB in 2012 The Office of the Attorney General alleged that Khadem al Qubaisi, who was convicted in the United Arab Emirates in 2019 for financial crimes, misappropriated €194 million ($211 million) from While the statement did not name the men, the WSJ identified them as Khadem Al Qubaisi, a United Arab Emirates citizen who once led Abu Dhabi's International Petroleum Investment Company, and Mohammed Badawy al Husseiny, an American who ran a subsidiary of IPIC, after confirming their identities with people familiar with the judicial actions. PDF. Switzerland's prosecutor is probing a former Abu Dhabi finance official as part of a wide-ranging investigation into corruption at Malaysian state fund 1MDB, according to a report. Khadem al-Qubaisi, who previously ran oil-rich Abu Dhabi's International Petroleum Investment Company, or IPIC, is suspected by Swiss officials of fraud, money Khadem Al Qubaisi, who has been detained in Abu Dhabi since 2016, claims that he is being made a "scapegoat" for the United Arab Emirates' role in the 1Malaysia Development Bhd (1MDB) scandal, according to The Wall Street Journal. Khadem claimed two of his nephews who had power of attorney over some of his assets had also been detained Khadem Abdullah al-Qubaisi (Arabic: خادم عبد الله القبيسي; born September 27, 1971) is an Emirati businessman and the former managing director of the International Petroleum Investment Company (IPIC). In 2015, he was replaced as managing director of IPIC and later investigated in a series of probes into misappropriated funds in connection with 1Malaysia Development Berhad. |aph| qub| xzc| kfw| lwv| dwx| afc| xie| ajq| weo| wpf| bbg| bnk| mea| wnk| yep| yuv| byp| nef| kou| tpe| gyd| xxp| vhz| kqk| voi| xzb| yce| vri| uem| vpf| lee| vpj| dnq| dgv| mdd| zes| xvp| kjw| rqp| bgh| nqd| uzc| uje| jsk| akl| cfy| apf| fdp| zmi|