Mubarak sons corruption trial postponed

Published February 10th, 2013 - 11:33 GMT
The trial of Hosni Mubarak's sons on corruption charges has been postponed
The trial of Hosni Mubarak's sons on corruption charges has been postponed

The South Cairo Criminal Court postponed the trial of Alaa Mubarak, Gamal Mubarak, and seven other defendants to 10 March.

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.

 


© 2021 Daily News Egypt.

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