From rugpulls to pump-and-dump crypto trading doesn’t always have a great reputation. In fact we’ve often avoided this subject on the UAE Tech Podcast series because vetting and due-diligence is ...
Egyptian prosecutors have referred former prime minister and presidential candidate Ahmed Shafiq, his three daughters and 10 other accomplices to trial for embezzling public funds in the 'pilots housing' case.
Ahmed Shafiq and his daughters are being accused of seizing land that belonged to fish farms and illegally allocating it to the Pilots' Association for Land Development, which he headed.
Shafiq's lawyer, Hesham Mourad, said that Judge Osama El-Saidi, the prosecutor in charge of the case, had no "legal" right to refer the case to the criminal court, as his right to oversee the case was rejected in a previous decision by Egypt's court of appeal. Mourad claimed that the decision is "political."
El-Seidi, a justice ministry investigator, was mandated to investigate a report presented by the state-run watchdog Illicit Profiteering and Real Estate Agency, which is accusing Shafiq of illegally allocating land.
Shafiq, a former air force commander, left Egypt after losing last year's presidential election to the Muslim Brotherhood's Mohamed Morsi.