BY ENGIDU WOLDIE | ESAT NEWS The Ethiopian born Saudi tycoon, Mohammed Hussein Al-Amoudi and all the remaining detainees that were held at the Ritz-Carlton hotel have been transferred to Al-Ha’ir prison, a maximum security prison south of Riyadh.
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We’re talking about someone who owns 4.7% of Ethiopia’s economy, but … BY ABRAHA BELAY | ETHIOMEDIA Saudi Arabia has released Prince Miteb bin Abdullah, the 65-year-old son of the late King Abdullah and former head of the elite National Guard, after he agreed to pay $1 billion to settle corruption allegations against him. How […]
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Sheik Mohammed Hussein Al-Amoudi owns 4.7% of Ethiopia’s economy and employs 14% of its private workforce BY ROGER BAIRD | IBTIMES Saudi Arabia has arrested the country’s second richest man, Sheik Mohammed Hussein Al-Amoudi, as part of a wide-ranging ‘anti-corruption’ drive . The specific charges against the 71-year-old Ethiopian-born billionaire, who holds Saudi citizenship are […]
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Allegedly for his involvement in obtaining fictitious credits worth $4b from Saudi King Abdullah Fund for Agricultural investment to finance agricultural projects in Ethiopia. BY ESAT NEWS Ethiopian born Saudi tycoon, Mohammed al-Amoudi, is among those arrested in Saudi Arabia as the Kingdom’s newly formed anti-corruption campaign targets princes, ministers and several other officials and […]
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