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Tuesday, 25 July 2017

Former Mubarak-era trade minister Rashid returns to Egypt after reconciliation

Ahram Online , Friday 16 Jun 2017
Rashid Mohamed Rashid
File Photo: Rashid Mohamed Rashid August 3, 2010 (Photo: Reuters)
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Mubarak-era former minister of trade Rashid Mohamed Rashid returned to Egypt Cairo on Thursday, six years after he left the country immediately following the toppling of President Hosni Mubarak.

Security sources told Al-Ahram Arabic news website that Rashid’s name was lifted from the Cairo airport’s arrival watch list, allowing him to enter the country with his wife on a flight from Italy. 

In November 2016, the Egyptian government reached a settlement deal with the former trade minister in cases of squandering nearly EGP 600 million of public funds during his tenure as minister from 2004 to 2011.

Rashid paid EGP 500 million and all criminal proceedings against him were ended per the settlement.

A number of high-profile Mubarak-era figures accused in various corruption cases have also reached similar settlements with the Egyptian government in recent years.  

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