Cairo Criminal Court issued a ruling on Thursday stating the expiry of the statute of limitations for the case in which business tycoon, Ahmed Ezz, and former Chairman of the Industrial Development Authority, Amr Assal, were accused of squandering public money. The names of the two former defendants were also removed from the list of people banned from travel in Egypt, and the seizure of their funds was canceled by the court. Ezz’s lawyer submitted to the court documents stating that Ezz has reconciled with the state by paying LE1.7 billion in accordance with the law. The court ordered a retrial for Ezz and Assal. In related news, Giza Criminal Court acquitted on Thursday Samy Mahran, former Secretary-General of the People’s Assembly, for graft charges.

Source: Egypt Independent March 09, 2018 13:52 UTC