Mubarak's sons deny charges in new graft trial

Ahram Online, Monday 9 Jul 2012

Gamal and Alaa Mubarak plead not guilty to charges of stock market manipulation on first day of new trial on Monday

Gamal and Alaa Mubarak
Gamal (L) and Alaa Mubarak, sons of former Egyptian President Hosni Mubarak, stand inside a cage at a courtroom in Cairo (Photo: Reuters)

Gamal and Alaa Mubarak, the sons of jailed former president Hosni Mubarak, on Monday pleaded not guilty to charges of violating stock market and central bank rules to make unlawful profits through dealing of shares in Al-Watany Bank of Egypt.

Gamal Mubarak said the allegations against him were false and baseless, whilst his older brother, Alaa, said the charges were "lies and slanderous."

Also on trial at Cairo's Police Academy Court on the same charges are two chief executives of investment bank EFG-Hermes, Hassan Heikal and Yasser El-Mallawany, and five other defendants.


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