Egypt Live Blog
Mubarak sons to face new charges
The AFP reports:
Deposed Egyptian dictator Hosni Mubarak's sons, already on trial for corruption with their father, will face a new separate case for alleged corrupt stock market dealings, state media reported Wednesday.
The official Nile Television reported that Alaa and Gamal Mubarak would 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 three-decade rule.
The official MENA news agency reported the charges stem from the sale of Al-Watany Bank of Egypt.
The defendants had agreed on acquiring a majority of the bank's shares by buying out small shareholders through front companies without revealing it on the stock market, the agency reported.
They made more than two $300 million from the deal which they transferred abroad, the agency reported.