Egypt Independent

Alaa, Gamal Mubarak released pending stocks trial



Giza Criminal Court decided Tuesday to release Alaa and Gamal Mubarak pending trial in the case known in the Egyptian media as the “stock exchange manipulation.”

The court continued considering the case where Alaa, Gamal, 6 other businessmen and former members of the National Bank board of directors will be tried on charges of benefiting from illicit gains, estimated at around LE2 billion.

The deal in question had allegedly aimed at selling off Egypt’s National Bank.

Alaa and Gamal will remain in custody pending trial in 2 other cases, relating to the pilots’ properties and presidential palace funds.

On Monday, the Cairo Criminal Court ordered the release of Alaa and Gamal pending their trial relating to charges of abuse of power and seizing public funds.

Edited translation from Al-Masry Al-Youm