European shares rise as ECB rate decision looms    Egypt's c. bank offers EGP 4b zero coupon t-bonds    Egypt and Tanzania discuss water cooperation    World Bank highlights procedures to improve state-owned enterprise governance in Egypt    Oil fluctuates on Monday on OPEC+ decision    EU sanctions on Russian LNG not to hurt Asian market    Al-Mashat leads Egyptian delegation at inaugural Korea-Africa Summit    Egypt urges Israeli withdrawal from Rafah crossing amid Gaza ceasefire talks    Parliamentary committee clashes with Egyptian Finance Minister over budget disparities    Egypt's Foreign Minister in Spain for talks on Palestinian crisis, bilateral ties    Egypt's PM pushes for 30,000 annual teacher appointments to address nationwide shortage    Sri Lanka offers concessionary loans to struggling SMEs    Indian markets set to gain as polls show landslide Modi win    Russian army advances in Kharkiv, as Western nations permit Ukraine to strike targets in Russia    Egypt includes refugees and immigrants in the health care system    Ancient Egyptians may have attempted early cancer treatment surgery    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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    







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Spanish prosecutors agree to extradite daughter of Egypt fugitive business tycoon
Published in Bikya Masr on 17 - 01 - 2012

CAIRO: Spanish prosecutors on Tuesday approved of a request from the Egyptian government to extradite Magda Hussein Salem, the daughter of the famous fugitive Egyptian business tycoon Hussein Salem.
On Tuesday, the Spanish court heard statements from the prosecution, the Egyptian government, Salem herself, as well as her defense team.
The Spanish General Prosecution stressed that it approve of the Egyptian request to extradite Magda Salem, as the evidence, documents and and investigations provided by the Egyptian government met the legal requirements for extradition.
The Spanish court said it would also hold a session on February 9 to consider the request to extradite Hussein Salem himself. Another court session will take place on Thursday regarding a request to extradite Hussein's son Khaled as well.
Hussein Salem, an associate of former President Hosni Mubarak, was sentenced to seven years in jail and fined US $4 billion for profiteering and money laundering in October.
Salem was a partner in the East Mediterranean Gas Co, and was accused of selling natural gas to Israel at a discounted price.
According to the courts, he made about US $2 billion in money laundered from the gas deal.
Salem and his children were sentenced in absentia, as they fled Egypt for Spain when the protests that overthrew the former regime started last January.
Former president Hosni Mubarak is being investigated under the same charges.
BM
ShortURL: http://goo.gl/nCymL
Tags: Corruption, featured, Hussein Salem, Magda Hussein Salem
Section: Business, Egypt, Latest News


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