In a significant development, Eng. Amr Al-Madani, CEO of the Royal Commission for AlUla, has been arrested on charges of misuse of authority and money laundering involving a staggering SR206 million. The official source at the Oversight and Anti-Corruption Authority (Nazaha) has confirmed the arrest, shedding light on the intricate web of illicit activities.

Al-Madani, along with partners in a company, was implicated in obtaining contracts for the National Talents Company from the King Abdullah City for Atomic and Renewable Energy through illegal means. The malpractice, totaling SR20,66,30,905, transpired during the period preceding Al-Madani's government sector tenure, where he committed the crime through a relative.

Despite formally exiting the company upon joining the government sector, Al-Madani maintained ownership and recommended deals to the Royal Commission, enabling the company to secure projects worth SR12,98,923. This maneuver aimed at securing personal benefits from companies contracting with the commission, with profits directed to Al-Madani through his relative, Muhammad Bin Sulaiman Al-Harbi, who has also been arrested.

Arrests extended to the partners of the company, Saeed Bin Atef Ahmed Saeed, and Jamal Bin Khalid Abdullah Al-Dabal, for their clandestine understanding and agreement with the CEO regarding the misuse of power and money laundering.

The Nazaha emphasizes the completion of legal procedures against the suspects in accordance with regulations, leading to their referral to a court of law. The authority's commitment to pursuing those encroaching on public funds or exploiting authority for personal gain is resolute, with a clear message that legal consequences will be applied without leniency.