The committee formed to retrieve stolen funds by Mubarak-era officials, headed by the top prosecutor Nabil Sadeq, approved a reconciliation request submitted by former Industry and Trade Minister Rachid Mohamed Rachid in corruption cases. According to the sources, the official documents stated that Rachid and his family's investments were established before he took the ministerial office in 2004. In August 2014, he was sentenced in absentia to 15 years in prison over illicit gains charges. He submitted a reconciliation request to the Illicit Gains Authority to return to the state LE500 million in return for bringing down charges against him. Meanwhile, the Illicit Gains Authority announced in August 2016 another reconciliation deal with Mubarak-era tycoon Hussein Salem, after he agreed to waive 75 percent of his and his family's wealth.

Source: Egypt Independent November 28, 2016 14:09 UTC