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Mubarak's sons back in court on graft charges

By REUTERS
07/09/2012 13:09
CAIRO - The two sons of Egypt's former president were back in court on Monday facing charges of stock market manipulation, five weeks after separate corruption charges against them were thrown out.

Gamal and Alaa Mubarak, with seven other men, were charged with violating stock market and central bank rules to make unlawful profits through dealing of shares in Al Watany Bank of Egypt.

Mubarak's eldest son, Alaa, is a businessman. His brother Gamal, a former banker, was widely viewed as being groomed for Egypt's top job until Mubarak was toppled in February 2011.

Wearing white prison uniforms, they sat in a steel cage reserved for defendants in the court at a Cairo police academy as a prosecution official read out details of the charges. The other executives wore suits.

"This has absolutely no basis in fact. I deny these charges in whole and in their details," Gamal Mubarak told the judge. His brother said: "Unfortunately, sir, this is all lies and defamation."
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Jpost.com, the online edition of the Jerusalem Post Newspaper - the most read and best-selling English-language newspaper in Israel. For analysis and opinion from Israel, the Jewish World and the Middle East. Jpost.com offers expert and in-depth reporting from Israel, the Jewish World and the Middle East, including diplomacy and defense, the Palestinian-Israeli conflict, the Arab Spring, the Mideast peace process, politics in Israel, life in Jerusalem, Israel's international affairs, Iran and its nuclear program, Syria and the Syrian civil war, Lebanon, the Palestinian Authority, the West Bank and Gaza Strip, Israel's world of business and finance, and Jewish life in Israel and the Diaspora.
 
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