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Monday, 26 July 2021

Egypt's prosecution annuls asset freeze on Mubarak's sons

The decision follows the exoneration of Alaa and Gamal of charges of illicit gains

El-Sayed Gamal El-Din , Thursday 15 Jul 2021
Egypt
File Photo: Egypt's High Court. REUTERS
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Egypt’s prosecution annulled the asset freeze on Alaa and Gamal, the sons of late ousted president Hosni Mubarak after being exonerated of charges of illicit gains.
 
The decision renders Alaa Mubarak, his wife, and son, as well as Gamal Mubarak, his wife, and two daughters no longer prevented from the disposal and management of their funds, judicial sources said on Thursday.
 
 
The case of manipulating the stock exchange began in 2012 but Mubarak's sons were released on bail. In February 2020, Alaa and Gamal Mubarak were acquitted by the Cairo Criminal Court.
 
The former president's 30-year rule came to an end following mass protests that started in January 2011. He passed away in February 2020 at a Cairo hospital after suffering complications from surgery.
 
Following his ouster, Mubarak and his sons stood trial for various charges.
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