'Mubarak detention extended over Israel gas deal'

ByJPOST.COM STAFF, REUTERS
April 23, 2011 18:05

Egyptian state prosecutor says low prices amounted to "hurting country's interests," NY Times reports; ex-energy minister to stand trial.




Former Egyptian president Hosni Mubarak

Former Egyptian president Hosni Mubarak 311 Reu. (photo credit:Reuters TV / Reuters)

A decision by Egyptian prosecutors to extend the remand of former president Hosni Mubarak was partially motivated by questions surrounding the natural gas deal between Cairo and Israel, The New York Times reported on Saturday.

The announcement follows news that Egypt’s former oil minister was arrested over the natural gas deal, which is being alleged in Egyptian media as having provided below-market prices to the Jewish state.

Be the first to know - Join our Facebook page.


RELATED:
Moussa says he would maintain Egypt's peace with Israel
Chaos deters tourists, investors, adding to Egypt’s woes
Court orders asset freeze on Mubarak’s party

The Egyptian prosecutor’s spokesman said Mubarak was being questioned about the low prices involved in the deal that amounted to “hurting the country’s interests,” the Times reported.


According to the spokesman, Egypt lost more than $714 million in revenue in the deal.

Mubarak’s condition deteriorated on Friday night, following the prosecutor’s decision to extend his detention by 15 days, the Londonbased Asharq al-Awsat reported.

Related Content
A still image taken on July 21, 2017 from an undated footage by Hezbollah Military handout shows smo
July 22, 2017
Lebanon's Hezbollah, Syrian army advance in border offensive

By REUTERS

Israel Weather
  • 22 - 35
    Beer Sheva
    25 - 30
    Tel Aviv - Yafo
  • 19 - 30
    Jerusalem
    23 - 29
    Haifa
  • 29 - 41
    Elat
    26 - 39
    Tiberias