Cairo, Feb 22, 2020 – An Egyptian court on Saturday acquitted two sons of former Egyptian president Hosni Mubarak and six others in a case known in the Egyptian media as stock exchange manipulation. Mubarak’s sons were arrested in September 2018 for alleged stock market manipulation were released on bail days later. The “stock exchange manipulation” case as it is known in Egypt dates back to 2012, when Egypt’s state prosecutor referred the six suspects to court “for illegally obtaining more than two billion Egyptian pounds ($128.5 million)”. Mubarak’s sons were accused of “profiting and obtaining illegal financial gains” from the sale of a bank. The verdict puts and end to the judicial proceedings against Mubarak and his sons.

Source: The North Africa Journal February 22, 2020 15:45 UTC