Thursday, June 30, 2022

Egyptian court orders arrest of Mubarak's sons over stock market manipulation

Must Read

Building partnerships to deal with irregular migration

Movement from Ghana to other parts of the world has grown substantially over the years. This is due to...

Arise Ghana demonstrators present petition to Ministry of Finance

Members of Arise Ghana — a pressure group demonstrating against what it terms to be the "excruciating economic hardships"...

Greater Accra Regional Minister warns encroachers on Sakumono Ramsar Site

By: Michael Dewornu The Greater Accra Regional Minister, Henry Quartey has sent a strong warning to encroachers living on the...

CAIRO – An Egyptian criminal court ordered the arrest of ousted President Hosni Mubarak’s two sons on charges of stock market manipulation, state news agency MENA reported Saturday.

Alaa and Gamal Mubarak, with seven other men, are accused of violating stock market and central bank rules to make unlawful profits through dealing in shares of Al Watany Bank of Egypt.

They deny any wrongdoing.

Three other men including Yasser El Mallawany and Hassan Heikal, current and former board members respectively at Egyptian investment bank EFG-Hermes, were also arrested, a judicial source said.

All those accused in the case, which began in 2012, had been released on bail and barred from travel.

Mubarak’s eldest son, Alaa, is a businessman. Gamal, a former banker, was widely viewed as being groomed for Egypt’s top job until Mubarak was toppled in February 2011.

The pair had been free since 2015.

The court’s next session is set for Oct. 20.

SourceReuters

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Building partnerships to deal with irregular migration

Movement from Ghana to other parts of the world has grown substantially over the years. This is due to...

Arise Ghana demonstrators present petition to Ministry of Finance

Members of Arise Ghana — a pressure group demonstrating against what it terms to be the "excruciating economic hardships" brought about by the “persistent...

Greater Accra Regional Minister warns encroachers on Sakumono Ramsar Site

By: Michael Dewornu The Greater Accra Regional Minister, Henry Quartey has sent a strong warning to encroachers living on the Sakumono Ramsar Site. According the Minister,...

Mista Myles speaks on ‘Toxic Love’ in new single

Love they say comes in different shapes and forms. Ultimately, we all want to be happy while in love but there is love that...

Let’s commend the Police for exhibiting professionalism during Arise Ghana demonstration- Oppong Nkrumah

Story by: Franklin ASARE-DONKOH Minister for Information, Mr. Kojo Oppong Nkrumah says officers and men of the Ghana Police Service should be commended for the...

More Articles Like This