Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.