Khadem al-Qubaisi

Khadem Abdullah al-Qubaisi (; born September 27, 1971) is an Emirati businessman and the former managing director of the International Petroleum Investment Company (IPIC). In 2015, he was replaced as managing director of IPIC and later investigated in a series of probes into misappropriated funds in connection with 1Malaysia Development Berhad. He was arrested in the United Arab Emirates in 2016 as part of investigations into the 1Malaysia Development Berhad scandal. In 2019, he was sentenced to 15 years in prison for corruption and money laundering.

Life and education Qubaisi was born in Abu Dhabi, United Arab Emirates in 1971. He graduated from the University of the United Arab Emirates with a bachelor's degree in economics in 1993. and in 2011, he took the additional position as chairman of IPIC's subsidiary, Compañía Española de Petróleos. He was chairman of many other companies including NOVA Chemicals, Arabtec, He was the director of Tasameem Real Estate Co. LLC, the investment company of Sheikh Mansour bin Zayed Al Nahyan, who is a deputy prime minister of the United Arab Emirates and chairman of IPIC. Qubaisi also served on the board of Bahrain's First Energy Bank.

On 20 July 2016, United States federal prosecutors filed a lawsuit to seize over $1 billion in assets believed to have been stolen from 1MDB. Qubaisi was named in these lawsuits, along with al-Husseiny and several others, which added that the funds were used to purchase these assets as well as "fund the co-conspirators' lavish lifestyles." This lawsuit is noted to be the largest forfeiture complaint filed in United States history.

In 2019, The Wall Street Journal reported that Qubaisi was being forced by the Emirati authorities to give away his assets to Sheikh Mansour bin Zayed Al Nahyan's privately owned company. Post his arrest, in an interview, Qubaisi said he was being blamed as a “scapegoat” by Sheikh Mansour. “I did this deal but I did it on behalf of the government of Abu Dhabi. They are putting everything on my back,” said Qubaisi.