Ahmed Al-Rumaihi

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Ahmed Al-Rumaihi is a former Qatari diplomat in the United States.[1] Currently, he is head of Qatar Investments, a new $100 billion internal division of sovereign wealth fund Qatar Investment Authority (QIA).[2]

Career[edit]

In May 2016, Al-Rumaihi was put in charge of a new internal division of QIA called Qatar Investments, created "to bring greater oversight by having a single person in charge."[3] The division holds about $100 billion of QIA's stakes in companies like Qatar National Bank and Qatar Airways.[2]

Controversy[edit]

BIG3[edit]

Al-Rumaihi and other investors were sued by the rapper and actor Ice Cube and his business partner, Jeff Kwatinetz in the Superior Court for Los Angeles County, California for $1.2 billion in damages for defamation, trade libel and interference with contractual relations. The legal complaint, filed April 5, 2018, by Geragos & Geragos, includes an allegation that Al-Rumaihi and other Qatari officials who were passive investors in the men’s BIG3 basketball league had failed to fund their "small, passive, minority stake" but instead were using their money and influence to gain access to people connected to U.S. President Donald Trump.[4] Al-Rumaihi met with Trump surrogates on 12 December 2016 and later, in a sworn declaration, that he bribed Trump administration officials.[5] C-SPAN video of Trump Tower allegedly shows Al-Rumaihi entering Trump Tower on 12 December 2016 with Trump Attorney Michael Cohen at 7:42:30 and exiting at 9:08:15.[6]

Qatar hacking campaign[edit]

In May 2018, Republican fundraiser Elliott Broidy added al-Rumaihi to his lawsuit charging Qatar with orchestrating a state-sponsored hacking campaign against him.[7] Broidy alleges that it was Mohammed bin Hamad bin Khalifa Al Thani, the brother of the Qatar's emir, and al-Rumaihi who organized the campaign to discredit him.[8]

References[edit]

  1. ^ "Qatar to Move $100 Billion Portfolio to Finance Ministry". Bloomberg.com. 22 March 2017. Retrieved 10 April 2017.
  2. ^ a b "Qatari Wealth Fund to Create $100 Billion Unit in Overhaul". Bloomberg.com. 16 May 2016. Retrieved 10 April 2017.
  3. ^ "Qatar Investment Authority to undergo major overhaul - report". Arabian Business. Retrieved 10 April 2017.
  4. ^ "Lawsuit Complaint" (PDF). Retrieved 14 May 2018.
  5. ^ "Court Filing: Sworn Declaration" (PDF). DocumentCloud.org. Retrieved 14 May 2018.
  6. ^ "Trump Tower Cam, Dec 12 2016 | Video | C-SPAN.org". C-SPAN.org. Retrieved 14 May 2018.
  7. ^ "Trump Fundraiser Claims Qatar Used U.S. Firm in Hacking". Bloomberg News. 24 May 2018.
  8. ^ "GOP Fundraiser Elliott Broidy Expands Suit Alleging Qatar-Backed Hacking". The Wall Street Journal. 25 May 2018.