BREAKING NEWS

Mubarak sons face graft trial next month, sources say

By REUTERS

JUNE 12, 2012 19:23

CAIRO - The two sons of Egypt's ousted president Hosni Mubarak will go on trial for charges of stock market manipulation on July 9, judicial sources said on Tuesday.

Egyptian authorities announced last month that Gamal and Alaa Mubarak, together with seven other men, would face charges of violating stock market and central bank rules to make unlawful profits through the 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 a being groomed for Egypt's top job until Mubarak was toppled in February 2011.

Mubarak, 84, was sentenced to life imprisonment on June 2 in the first trial in an ordinary court of an Arab leader ousted in a popular uprising. Mubarak's health has worsened in jail and by Monday was "very critical", his lawyer said.

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