Egypt’s ousted president Hosni Mubarak is now facing a new corruption charge, as the general prosecution begins an investigation into charges that he illegal sold state-owned land.
A judicial source, who spoke yesterday to Egyptian TV presenter Motaz El Demerdash on the Masr El Gedida Program on El Hayat 2 channel, said that Mubarak is accused of wasting public funds by selling state-owned land at much less than its actual price, thus helping his close friend business tycoon Hussein Salem to profiteer.
Salem is currently on the run in Spain, depsite an international arrest warrant issued against him.
The source added that the prosecution is investigating land sale transaction on which Salem's Movenpick Maritime Jolie Ville Hotel was built in Sharm El Sheikh.
Mubarak, along with his sons, is already facing a slew of corruption charges and is being tried for the murder of protesters during the 18-day revolution, which led to his ousting last February.