Egypt's Supreme Public Funds Prosecution states they will extend the detention of former housing minister Ibrahim Soliman and prosecute him in criminal court on charges of profiteering and squandering public funds, reports Al-Ahram Arabic news website on Tuesday.
Furthermore, the prosecutors referred several businessmen to criminal court, including former vice presidents of the New Urban Community Authority (NUCA) El-Shafei Soliman, Mohamed El-Araby and Laila Barsoum as well as 6 October Agriculture Company Chairman Samir Abdel Qawy.
Investigations reveal that former NUCA officials, along with Abdel Qawy, approved illegally allocating a plot of land worth LE28 million ($4,009,000).
In March 2012, a Cairo criminal court sentenced Soliman to eight years in prison on charges of squandering public funds and illegally allocating land.
Soliman was also fined LE2.18 billion ($360.9 million) for his part in two separate real estate deals.
Former vice-chairmen of Egypt's New Urban Communities Authority (i.e. Soliman associates) Fouad Madbouy, Hassan Khaled, and Mohamed Abdel Dayem were also found guilty of squandering public funds and illegally allocating land, but given a one-year suspended sentence and fined LE1.025 billion.
It was alleged that the activities of Soliman and his deputies paved the way for Magdy Rasekh, who until last year was board chairman at property developer SODIC, to make illegal profits of LE907 million.
The court also sentenced Rasekh, father-in-law of toppled President Hosni Mubarak's elder son Alaa, to five years in absentia and fined him a total of LE2.34 billion for his connection with squandering funds.