Egyptian court orders arrest of 2 sons of ousted President Mubarak

0
130
PHOTO/GettyImages

An Egyptian court ordered on Saturday the arrest of Gamal Mubarak and Alaa Mubarak, the sons of former President Hosni Mubarak, and two other defendants over charges of stock market manipulation, official Ahram news website reported.

According to the report, the Cairo Criminal Court has also set the date of the trial at Oct. 20.

The prosecution charged the defendants with profiteering from selling the National Bank and obtaining illegal financial gains of over 493 million Egyptian pounds (27.6 million U.S. dollars) by allowing a Cyprus-based company to get the bank’s shares.

The two sons of Mubarak, who ruled Egypt for almost 30 years, had been released pending trial in June 2013.

Alaa and Gamal Mubarak were put on trial over a number of corruption charges in the wake of the January 2011 uprising that led to the fall of their father’s regime.

Leave a Reply