BREAKING: EFG-Hermes heads to stand trial alongside Mubarak sons

Ahram Online, Wednesday 30 May 2012

The two sons of former president Hosni Mubarak, Gamal and Alaa, along with seven others were on Wednesday referred to Cairo's criminal court on charges of illicit profiteering related to the sale of Al-Watany Bank of Egypt. The sale amounted to LE2.5 billion ($416 million).

According to state news agency MENA, standing trial alongside the Mubaraks will be:

  • Yasser El-Malawany, EFG-Hermes CEO
  • Hassan Heikal, EFG-Hermes CEO
  • Amr El-Kady, EFG-Hermes ex-CEO
  • Ayman Fathy Soliman
  • Ahmed Fathy Soliman
  • Ahmed Naeim Badr
  • Hussein El-Sherbini
Short link: