Can Al-Amoudi Pay a Billion Dollar to Win Back His Freedom?

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 […]

Continue Reading

Why the Arrest of Saudi Arabia’s 2nd Richest Man is Causing Shockwaves in Ethiopia

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 […]

Continue Reading

Mohammed al-Amoudi Arrested for corruption in Saudi Arabia

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 […]

Continue Reading