Egypt Jails Mubarak Associate for Money-Laundering
An Egyptian court sentenced an associate of ousted president Hosni Mubarak's son Gamal on Thursday to seven years in jail for money-laundering.
Ahmed Ezz, a steel magnate and former senior official in Mubarak's now defunct National Democratic Party, was also fined a massive 19 billion Egyptian pounds ($3.1 billion/2.4 billion euros).
In September, Ezz was already jailed for 10 years on charges of corruption and fined $110 million.
Gamal, who was widely regarded as being groomed to succeed his aging father before the latter was ousted last year in a popular uprising, is himself in jail awaiting the outcome of a trial on corruption charges.
A number of former ministers, senior officials and businessmen are also in jail pending judgment for alleged corruption.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://naharnet.com/stories/en/55853 |