Mohammed al-Amoudi Archives

Al-Amoudi Refuses to Hand Over Money for His Freedom

January 31, 2018TesfaNewsLeave a Comment

Saudi releases most detainees in a corruption probe. Al-Amoudi does not yet agree to settlements. Authorities react by arresting his relatives. BY ENGIDU WOLDIE | ESAT NEWS Reports coming out of Saudi Arabia say Ethiopian born Saudi billionaire has refused to hand over his money in return for his release. The billionaire and 200 other businessmen […]

Mohammed al-Amoudi Arrested for corruption in Saudi Arabia

November 5, 2017November 6, 2017TesfaNewsLeave a Comment

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 […]