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Friday, 06 December 2019

Saudi-Ethiopian tycoon Amoudi freed from detention

Reuters , Sunday 27 Jan 2019
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Saudi-Ethiopian businessman Mohammed Hussein al-Amoudi, arrested more than 14 months ago in a crackdown on corruption, has been released from detention in Saudi Arabia, two Saudi sources and Ethiopian state television said on Sunday.

"He was released today and is heading to Jeddah," one of the sources told Reuters.

Ethiopian Television cited Arega Yirdaw, chief executive of Al Amoudi's MIDROC Technology Group, as its source.

Amoudi, who is in his 70s, invested heavily in construction, agriculture and mining in Ethiopia, where he was born. He later purchased oil refineries in Morocco and Sweden.

Reuters could not reach him, and the Saudi authorities did not immediately respond to a request for comment.

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