Don’t miss the latest developments in business and finance.

Mubarak sentenced to three years in jail

Image
IANS Cairo
Last Updated : May 21 2014 | 3:01 PM IST

An Egyptian court Wednesday sentenced former president Hosni Mubarak to three years in jail for embezzlement of public funds designated for presidential palace maintenance, media reported.

The Cairo Criminal Court, presided by Judge Ousama Shaheen, also sentenced Mubarak's sons Alaa and Gamal to four-year jail terms in the same case, Xinhua reported citing state-run Nile TV.

The Mubaraks were fined 125 million Egyptian pounds (nearly $17.5 million), and were ordered to reimburse 21 million Egyptian pounds (nearly $2.9 million) to the state treasury.

Mubarak and his sons, along with four other aides, were charged with misappropriating 100 million pounds ($14 million) of funds intended to refurbish the presidential palace.

The four aides were acquitted for lack of evidence.

More From This Section

First Published: May 21 2014 | 2:58 PM IST

Next Story