The Cairo Court of Appeals has set 9 July as the start date for the trial of Alaa and Gamal Mubarak, sons of the ousted president, and seven others on financial corruption charges.
The Public Prosecution has referred the defendants to criminal court on charges of making illegitimate gains through the sale of Al Watany Bank of Egypt.
In an earlier statement, Assistant Public Prosecutor Adel al-Saeed said investigations revealed that the suspects made LE2,051,028,648through manipulative stock market dealings.
Saeed said the defendants had violated trading rules set by the stock market and the Central Bank by seizing a controlling interest in Al Watany’s shares without registering it on the stock market.
On 2 June, the Cairo Criminal Court acquitted Alaa and Gamal Mubarak of other counts of financial corruption, but authorities said the pair would remain in prison pending trial over the current charges.
Edited translation from Al-Masry Al-Youm
