Egyptian court orders arrest of sons of former president Hosni Mubarak in stock market manipulation case

Ahram Online | Published: September 15, 2018

 

Gamal Mubarak (L) and Alaa Mubarak (R) (File Photo: Reuters)

The Cairo Criminal Court ordered on Saturday the arrest of Gamal and Alaa, the sons of former president Hosni Mubarak, and two other defendants in a stock market manipulation case and set a date of 20 October to resume trial.

The prosecution in the case charged the defendants with profiteering when they agreed to sell the National Bank and obtained illegal financial gains in excess of LE 493 million by allowing a Cyprus-based company to obtain the bank’s shares.

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