Former NDP whip Ezz's money-laundering case postponed

Ahram Online, Monday 5 Mar 2012

Court head postpones Egyptian steel tycoon Ahmed Ezz money-laundering trial to 1 April at request of defence lawyer

Ahmed Ezz, a senior leader in former President Hosni Mubarak's party and chairman of Ezz Steel (Photo: Reuters)

The head of Cairo’s criminal court has postponed the trial of jailed Egyptian steel magnate Ahmed Ezz to 1 April, Al-Ahram reported on Sunday.

Ezz, who had been a leading member of ousted president Hosni Mubarak’s now-defunct National Democratic Party, faces accusations of corruption and money laundering.

The delay was reportedly granted upon the request of Ezz’s new defence lawyer, Farid El-Deeb.

Ezz was first referred to Cairo's criminal court last November by Prosecutor-General Abdel Meguid Mahmoud. The former NDP whip is charged with laundering some LE6.4 billion (approximately $1.06 billion), which he is accused of having raised through illicit profiteering, and the illegal appropriation of public funds.

In May, Ezz – who remains under guard at Tora Prison in southern Cairo – was dismissed from his position as chairman of Ezz Dekheila, a subsidiary of Ezz Steel, which is considered one of the region’s largest steel manufacturers.

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