Last Update 18:37
Monday, 22 July 2019

Cairo court annuls criminal proceedings against Mubarak-era minister Rashid following reconciliation

The reconciliation deal will see Rashid give over EGP 500 million to the Egyptian government

Ahram Online , Saturday 4 Feb 2017
Rashid Mohamed Rashid
File Photo: Mubarak era minister Rashid Mohamed Rashid (Photo: Reuters)
Share/Bookmark
Views: 2942
Share/Bookmark
Views: 2942

A Cairo Criminal Court quashed Saturday criminal proceedings against Mubarak era Trade Minister Rashid Mohamed Rashid following reconciliation with the government.

The Saturday decision comes at the request of the Egyptian Ministry of Justice Asset Recovery Committee, which approved in November a settlement deal with Rashid.

According to the reconciliation deal, all criminal charges against Rashid, who left the country since the toppling of former President Hosni Mubarak in 2011, would be dropped. He would be required to give up nearly EGP 500 million to the government, a judicial source told Ahram Online in November.

The “Steel Licenses” case, in which criminal proceedings have now been terminated against Rashid, led to the sentencing of the former minister to 15 years in absentia and a fine of EGP 1.4 billion for squandering nearly EGP 600 million in public funds after issuing questionable licenses to steel business tycoon and former leading figure in the now-dissolved National Democratic Party Ahmed Ezz.

However, last December, Egypt’s Court of Cassation overturned a criminal court ruling against ex-minister Rashid, business mogul Ezz and Amr Assal, the former chairman of the Industrial Development Authority, ordering a retrial for the defendants in front of a new court circuit.

Both Ezz and Assal, earlier sentenced to 10 years in prison, had their trial postponed to 7 March during Saturday’s court hearing.  

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.