Business Standard

Egyptian court release Mubarak's sons in embezzlement case

Image

Press Trust of India Cairo
An Egyptian court today ordered the release of Alaa Mubarak and Gamal Mubarak, sons of former president Hosni Mubarak in an embezzlement case after rejecting the government's appeal against freeing them.

Mubarak and his sons were charged of acquiring almost Egyptian 126 million pounds from the presidential palace budget and using the money for the construction and development of family-owned assets.

They were also charged with forging official documents and damaging public property.

In May 2014, Mubarak and his sons each were sentenced to three years in a maximum security prison on these embezzlement charges.

Collectively, they were fined Egyptian 125 million pounds and are required to repay Egyptian 21 million pounds.
 

In 2015, the criminal court ordered their release, but the verdict was appealed by the general prosecutor.

The court today refused the appeal and confirmed the release of Mubarak's two sons.

Mubarak was Egypt's president for nearly 30 years before being ousted by Mohammed Morsi in an uprising in 2011 following mass protests against his rule.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 15 2016 | 5:57 PM IST

Explore News