Thursday 22 May 2014

News: Ousted Egyptian leader Mubarak gets 3 years jail for embezzling millions

Deposed former Egyptian president Hosni Mubarak was sentenced on Wednesday to three years in prison for embezzling millions in public funds for lavish renovations to family properties.
The verdict may please some Egyptians who lived through three decades of autocracy under Mubarak before a 2011 uprising toppled him. But business executives still loyal to him remain influential and rights groups say the abusive security practices of his era remain alive and well today with another former military man set to win a presidential election next week.
Mubarak's two sons were sentenced to four years in jail on the same charges of stealing state funds that had been earmarked for the renovation of presidential palaces but were instead diverted to sprucing up family residences.
The Cairo court also fined Mubarak and his sons 21.197 million Egyptian pounds ($2.98 million) and ordered them to repay about 125 million Egyptian pounds of funds they were accused of siphoning off.
Mubarak has been under house arrest at a military hospital since August pending retrial in a case of complicity in killings protesters during the 2011 revolt. He is further accused in two other cases of corruption that have yet to reach court.

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