Egypt Independent

Ahmed Ezz released on bail



Cairo Criminal Court released business tycoon Ahmed Ezz and former head of the Industrial Development Authority (IDA) Amr Assal, who were involved in lawsuit over accusations of embezzlement of LE660 million of public funds.

Both were released on LE250,000 bail and banned from traveling abroad. The lawsuit was adjourned until September 6.

Ezz’s defense requested the release of his client to end the lawsuit through reconciliation, saying that the measures by the national committee on asset restoration were suspended, as Ezz’s signature was required.

Ezz told the court, “I attended all the sessions and was never absent. I chose to reconcile with government, despite my confidence in being innocent. If possible, I would have gone to the committee to end the measures.”

Meanwhile, Assal’s defense requested his release based on allegations of exceeding the legal period of detention.

 

Edited translation from Al-Masry Al-Youm