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Court acquits Al-Adly and Nazif of profiteering
Published in Daily News Egypt on 24 - 02 - 2015

The Cairo Criminal Court acquitted Tuesday Mubarak-era prime minister Ahmed Nazif and former minister of interior Habib Al-Adly from all charges in the profiteering case publicly known as the "licence plates" case.
The defendants were charged with "squandering public funds and profiteering". The two are accused of making an illegal deal with German company UTSCH, to sell licence plates for a price higher than market value, according to state-owned newspaper Al-Ahram. The deal, which prosecutors say lost EGP 92m in public funds, violated the tenders and auction law.
In July 2011 the Cairo Criminal Court sentenced Al-Adly to five years in prison. Nazif was given a one-year suspended sentence, and former minister of finance Yousef Boutros-Ghali was given ten years in absentia. All the men's sentences included hard labour, and were all fined EGP 92m, in addition to refunding the government EGP 92m. The Cairo Court of Cassation challenged and rejected the verdict and ordered the defendants be retried.


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