Egypt's Delta Life Assurance eyes paid-in capital increase in Q1-FY21    Iraq names its third prime minister in 10 weeks    Italy PM sees EU's very future at stake over its response to coronavirus    Southampton players, coaches agree to defer salaries    Paris neighbours ease lockdown blues with quiz from balconies    Australian police take 'black box' off cruise ship in coronavirus homicide probe    Analysis: Sudan still in crisis a year after Bashir's ouster    Alphabet's Google bans Zoom software from employees' laptops    Egypt's market regulator Oks Talaat Moustafa's first sukuk    Ramadan Sobhi says resuming European career a priority after loan extension    US senators question Amazon CEO about firing of warehouse protest leader    Bahrain suspends municipal properties' rents collection for three months    Egypt launches mobile app to track coronavirus cases – ministry    Economic reform programme allowed Egypt to bear repercussions of COVID-19    Egypt extends nationwide curfew for 14 days – PM    Israel under curfew as cases surpass 9,400 with 73 new deaths    Egypt's parliament postpones plenary meetings until 29 April    European nations struggle to agree on terms of economic aid    Germany moves to make it easier to block foreign takeovers    Egypt approves first issuance of sukuk by Talaat Mostafa subsidiary    Brazilian star Ronaldinho to be freed from Paraguayan jail into house arrest    Tottenham tell players to follow social distancing rules    Egypt launches mobile application to track coronavirus cases    The Minister of Culture launches the electronic initiative "Stay at Home: Culture in Your Hands" on the Internet    Stay at home and TAM gallery will bring art to you    MPs' work continues    The golden age of Egyptian cinema    EFA to raise funds for players in lower divisions amid coronavirus    Egyptian Fine Arts Syndicate organises exhibition to help artists amid coronavirus    Egypt's swimmer Osman quarantined in Red Sea resort after returning from US    Comedy puppet Abla Fahita returns to screens during Egypt's curfew    Egypt's Supreme Council of Culture launches three new competitions    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Stay At Home: Ministry of Culture to publish free books online for public browsing    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    

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

Cairo court acquits Mubarak's sons of stock market manipulation
Published in Amwal Al Ghad on 22 - 02 - 2020

Cairo Criminal Court has on Saturday acquitted two sons of former Egyptian President Hosni Mubarak, Alaa and Gamal of illicit share trading during the sale of a bank.
The sale dates back four years before the 2011 uprising that ended Mubarak's 30-year autocratic rule.
In 2007, Alaa and Gamal Mubarak as well as seven others had faced charges of illegally profiting from the process of selling the Al Watany Bank of Egypt to the National Bank of Kuwait.
The Cairo Criminal Court session was held at a police academy for security reasons, and heard the verdict acquitting all the defendants.
The public prosecution has the right to appeal, judicial sources stated.
Alaa and Gamal, detained after the 2011 uprising, were sentenced to three years in jail in 2015, along with their father, after being separately in charges related to diverting public funds and using the money to upgrade family properties. Yet, the two brothers were released soon after the ruling because they had spent time in detention pending the case. Their father was released in 2017 after being cleared of charges of ordering the killing protesters during the uprising.
Source: Reuters

Clic here to read the story from its source.