عربي English Türkçe اردو فارسى
Logo
Latest News
Arab World

Egypt Requests Seizing Gamal Mubarak’s Funds in Cyprus

Gamal Mubarak. Asharq Al-Awsat
Gamal Mubarak. Asharq Al-Awsat
TT
TT

Egypt Requests Seizing Gamal Mubarak’s Funds in Cyprus

Gamal Mubarak. Asharq Al-Awsat
Gamal Mubarak. Asharq Al-Awsat

Egypt’s General Prosecution requested from Cairo Criminal Court on Saturday to confiscate the funds that are held in Cyprus and belong to the sons of former President Hosni Mubarak, Alaa and Gamal.

In a trial session in the ‘stock exchange manipulation” case, the court listened to Alaa and Gamal’s testimonies along with seven other defendants.

The court decided to adjourn their trial to March 23, and the public prosecution called for summoning more witnesses in the case.

In September, the court approved the complaint filed by Alaa and Gamal Mubarak and the other defendants against the decision of their imprisonment and released them on bail of EGP100,000.

The representative of the prosecution explained that its requests came as part of the legal role in initiating the criminal case and summoned former Head of the Financial Supervisory Authority Sherif Samy and former Head of Egyptian Stock Exchange Mohamed Omran for questioning over some documents.

Investigations carried out by Egypt following the overthrow of Mubarak in 2011 showed that his sons owned companies in partnership with other parties in Cyprus, but Egypt had not yet recovered the funds.

The prosecution accused Gamal Mubarak of participating in assisting with public officials in the crime of profiteering and obtaining illegal money for himself and his companies.

It said parties agreed to sell one of the banks, enabling him to acquire a percentage of the bank’s shares through one of his companies in Cyprus.

Most Viewed

 
 
Arab World

Islamabad: 50,000 Pakistanis Are Missing in Iraq

Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)
Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)
TT
TT

Islamabad: 50,000 Pakistanis Are Missing in Iraq

Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)
Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)

Pakistan’s Minister of Religious Affairs and Interfaith Harmony Chaudhry Salik Hussain sparked controversy when he revealed that 50,000 Pakistanis have gone missing in Iraq over the years.

He urged the Baghdad government to immediately launch a probe into how the Pakistanis entered Iraq to visit religious sites during the month of Muharram, he was quoted as saying by Pakistan’s Ummat newspaper.

Islamabad is investigating how people have traveled outside Pakistan through illegal means, he remarked.

The permanent committee for religious affairs and interfaith harmony has since proposed new policies for trips to holy sites in foreign countries, including Iraq.

In Iraq, the minister’s comments drew mockery and condemnation on social media and sparked renewed debate over illegal workers in the country.

Politician Mishaan al-Juburi urged the government to make a statement over Hussain’s comments, warning that they may impact security and the labor force.

Hussain’s comments coincided with Iraqi police announcing the arrest of six Pakistanis in Baghdad on charges of theft.

Previously, military intelligence also announced the arrest of a nine-member Pakistani kidnapping and extortion gang in Baghdad. The gang had kidnapped foreigners for ransom.

Meanwhile, Labor Minister Ahmed al-Asadi expressed his concern and condemnation over the increasing number of illegal workers in Iraq.

He said his ministry will investigate the disappearance of the Pakistanis.

He confirmed that several tourists, including Pakistanis, have flocked to Iraq in recent days, and many have taken up employment without the necessary legal permits.

He warned that this phenomenon is negatively impacting the national economy.

The ministry will not be lenient in taking the necessary legal measures against the violators, he vowed.

Iraq welcomes all tourists, whether they are here on a religious visit or otherwise, but they must respect local laws and regulations, declared Asadi.

Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala.