Mubarak sons corruption trial postponed
The postponement was made to prepare for testimonies scheduled to be made by Farouk Al-Oqda, former head of the Central Bank of Egypt (CBE), and Hazem Hassan, a member of the CBE and an auditor for the National Bank of Egypt (NBE), according to state-owned MENA.
The court also asked experts to put together a report containing the prosecution’s findings to be ready for the next hearing.
The defendants are accused of making illicit gains from the sale of Al Watany Bank (AWB). They also face charges of conducting insider trading in the Egyptian stock market.
During Saturday’s hearing, the prosecution accused the Mubarak brothers and the seven other defendants of manipulating shares on the Egyptian stock exchange by trading under fictitious names.
- Understanding the ripple effect: 8 reasons the US economy has slowed down in Q1 of 2015
- Can Bahrian emerge from the oil price plunge 'stronger than ever'?
- Egyptian stocks plummet as Yemen confict deepens
- UAE sweetens flotation regulations to attract more investment
- Replacing Switzerland? Why Lebanon isn't keeping its banking secrecy a secret