Egypt scraps parliamentary election results in 19 districts over violations    Egypt's public prosecution hands over seized gold worth $34m to central bank    Finance ministry pushes trade facilitation with ACI rollout for air freight    Abdelatty stresses Egypt's commitment to peaceful conflict resolution    Deep Palestinian divide after UN Security Council backs US ceasefire plan for Gaza    Health minister warns Africa faces 'critical moment' as development aid plunges    Egypt's drug authority discusses market stability with global pharma firms    SCZONE chair launches investment promotion tour in France    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt, Germany launch government talks in berlin to boost economic ties    Egypt signs host agreement for Barcelona Convention COP24 in December    Egypt's FRA Sandbox signs 3 tech partnerships to boost cybersecurity, innovation    Gold prices fall on Tuesday    Regional diplomacy intensifies as Gaza humanitarian crisis deepens    Egypt's childhood council discusses national nursery survey results    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Huge bail set in Spain for businessman linked to Mubarak
Published in Almasry Alyoum on 18 - 06 - 2011

On Friday Spanish police issued an official statement saying it is aware of Egypt's international arrest warrant for Egyptian businessman Hussein Salem. Meanwhile a Spanish court set a huge bail for the release of the fugitive aide of Hosni Mubarak.
Senior judicial sources told Al-Masry Al-Youm that Spanish authorities officially received the Egyptian request on Friday morning, but as Spanish police investigated and arrested him before it arrived, it is suspected that Salem committed similar crimes in Spain.
Investigations into Salem will address charges brought by both Egyptian and Spanish authorities, the source said.
Salem will likely remain in custody so he doesn't flee the country, it added.
On whether Spain will hand Salem over to the Egyptian authorities, the source said the fact that Salem carries Spanish nationality may represent an obstacle, as Egyptian law permits the death penalty while Spanish law considers it a violation of human rights.
Salem was arrested, along with his son and an advisor, in Madrid on Wednesday for alleged involvement in money laundering. Spanish authorities froze 32 million euros of his assets as they are believed to have been acquired through illegal activities. They also froze assets in Madrid and Marbella worth 10 million euros, and five luxury vehicles.
The money was obtained illegally in Egypt and sent to Salem's bank accounts in Spain through a series of companies created by a Turkish frontman, it is alleged.
Salem faces charges of economic corruption, bribery and fraud as well as money laundering.
Meanwhile, Spain's national court set a record bail for his release. He appeared in court twice on Friday, once in connection with Egypt's arrest warrant and then on charges of money laundering in Spain. The bail set in the separate hearings amounts to 27 million euros.
Salem was charged in Egypt with fraud and financial corruption last month along with Mubarak and the ex-president's two sons, Alaa and Gamal. Their trial is scheduled to start on 3 August.
The 77-year-old businessman is alleged to have won lucrative deals, including deals involving property and exporting gas, because of his connections to the president and his family. The gas deal came under severe public criticism because the resource was sold at reduced prices to Israel, which apparently led to Egypt losing out on millions of dollars.
Salem reportedly left Egypt on 3 February, eight days before Mubarak stepped down.
On Friday he was admitted to hospital for neurotic problems after his court appearance. His doctor said he is not in critical condition.
Translated from the Arabic Edition


Clic here to read the story from its source.