Cairo’s Criminal Court dropped the final corruption case known as the ‘money laundering’ case against Egyptian business tycoon Ahmed Ezz by applying the reconciliation law on Sunday.

Ezz had previously submitted a request for reconciliation with the asset recovery committee, consequently, the Cairo Criminal Court decided to unfreeze his assets and cancel the previous ruling to ban him from traveling.

The general prosecution had earlier charged Ezz with the laundering of EGP 6.5bn, through the influence of peddling and squandering of public finances.

Earlier in March 2013, the Giza Criminal Court, headed by El-Mohamady Qonsowa, sentenced Ezz to 37 years in prison, in the case publicly known as the ‘steel licenses,’ however all charges were dropped after Ezz reconciled—with the assets recovery committee—chaired by GGeneral Prosecutor Nabil Sadek, in return of paying EGP 1.7bn.

(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id))
js = d.createElement(s); = id;
js.src = “”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Source link

Content Disclaimer 

This Content is Generated from RSS Feeds, if your content is featured and you would like to be removed, please Contact Us With your website address and name of site you wish to be removed from.


You can control what content is distributed in your RSS Feed by using your Website Editor.   If you are looking to make money from running your own business at home, visit the links below.

Computers and Software Buyers Guide

Compare Computers and Laptops

Mobile Phones Buyers Guide

Compare Mobile Phones