Egypt's Court of Cassation cancels Ezz's 10-year sentence
After accepting his appeal Egypt's Cassation Court ordered the retrial of the business tycoon Ahmed Ezz and cancels the 10- years sentence against him
Ahram Online, Thursday 20 Dec 2012
Ahmed Ezz when he arrived outside the court in north Cairo February 2011 (Photo: Reuters)
Egypt's Court of Cassation on Thursday cancelled the 10-year sentence against the steel magnate Ahmed Ezz and the former head of the Industrial Development Authority Amr Assal for graft charges related to the illegal sale of steel licenses, state-run news agency MENA reported.
The Cassation Court ordered the retrial of the two defendants before a different criminal court after accepting their appeal.
Ezz, the general secretary of now dissolved National Democratic Party (NDP), Assal and the former trade and industry minister Rachid Mohamed Rachid who is currently outside Egypt, were convicted last September.
The court also fined Ezz and Assal LE660 million ($110.9m) and ordered the concerned steel companies to hand back their licences.
Rachid was sentenced to 15 years in absentia.
On Tuesday, Egypt's Court of Cessation also cancelled a verdict incriminating Mubarak-era Minister of Housing Ahmed El-Maghrabi for squandering and profiteering from public funds.