The Federal Integrity Commission announced the issuance of an in absentia ruling to imprison the former head of the National Investment Commission, Suha Al-Najjar, on the background of a case related to the inflation of funds and illicit gains .
The commission said in a statement that “the Central Anti-Corruption Criminal Court issued an in absentia ruling sentencing (Suha Daoud Elias Al-Najjar), the former head of the National Investment Commission, to seven years in prison for inflation and an increase in its funds that were not commensurate with its regular resources .”
She added that “the ruling also included the return of the value of the illicit gains and a fine equivalent to that value,” noting that the technical report prepared by her staff revealed that there had been an increase in the convict’s funds that was not commensurate with her regular resources .
The Authority indicated that the accused transferred a sum of money through a private bank from one of the companies in which she held the position of managing director, when she assumed the position of head of the National Investment Authority, to the account of a foreign company abroad .
She pointed out that this also represented a conflict of interest, as the convict held the position of managing director of the company in addition to her position as head of the Investment Authority previously .
According to the Authority’s statement, the court, after reviewing the evidence obtained in this case, represented by the Authority’s technical report, the statements of the legal representative, and the letter of the Anti-Money Laundering and Terrorist Financing Office, in addition to the evidence of the accused’s escape, found it sufficient and convincing to convict, and issued its decision to imprison her and oblige her to pay the value of the illicit gain and the fine equivalent to that value .
The statement concluded that “the ruling was issued based on the provisions of Article (19/Second) of the Integrity and Illicit Gains Commission Law No. (30 of 2011), as amended.
