Mubarak sons to face insider trading case

2012-05-30 19:13

Cairo - Deposed Egyptian dictator Hosni Mubarak's sons, already on trial for corruption with their father, will face a new separate trial for alleged corrupt stock market dealings, state media reported on Wednesday.

The official Nile Television reported that Alaa and Gamal Mubarak will go on trial in a criminal court with seven other defendants. They and their father are facing a verdict on June 2 on corruption charges in the first trial.

The ex-president, who was toppled in an early 2011 revolt, also faces murder charges with seven security commanders for killings of protesters during the 18-day uprising that ended his 30-decade rule.

The official Mena news agency reported that the charges stem from the sale the Al Watany Bank of Egypt, without providing further details.

Gamal, 48, headed a powerful policy committee in the ruling party under his father and was widely seen as the heir apparent, a perception that helped fuel the uprising.

Alaa, the older son, stayed out of politics but was rumoured to have amassed a fortune using his father's connections. They are currently on trial for allegedly accepting villas as a bribe.

The Mubarak sons are in a Cairo jail awaiting the outcome of the trial on 2 June, with their 84-year-old father detained in a military hospital where he receives treatment for a heart condition.

Mubarak, his interior minister Habib al-Adly and five police commanders are also accused of ordering the deaths of some of the estimated 850 protesters killed during the uprising that forced him to resign on 11 February.

The verdict will come at a sensitive time as Mubarak's last premier, Ahmed Shafiq battles the Islamist Mohammed Mursi in a suspenseful presidential election run off scheduled for 16-17 June.

The prosecution's case against the Mubaraks has been accused by critics of relying on patchwork evidence

Read more on:    egypt  |  north africa

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Prince George the green prince?

Prince Charles hopes his grandson's love of the outdoors will become a passion for the environment.



One man's $1 million vision for an eco Africa
China's air pollution at doomsday levels
Keep food fresher for longer
Hurricanes, earthquakes and floods – What climate change really means for us

Book flights

Compare, Book, Fly

Traffic Alerts

The full moon energy can be quite intense today as your emotions fight against reason. It is important to ground your ideas more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.