Mubarak-linked businessman faces retrial for money laundering

Cairo Court of Appeals has set 13 August as the first date for the retrial of Ahmed Ezz, an Egyptian businessman with ties to the former Mubarak regime, on charges of money laundering.

The Court of Cassation earlier overturned a criminal court ruling which sentenced Ezz to seven years in prison and fined him LE19 million on charges of money laundering, profiteering and seizure of public money.

The court ordered the retrial of Ezz at another court, as with similar corruption cases in Egypt.

In October, the criminal court sentenced Ezz to seven years in prison and fined him LE12.9 billion, on top of an additional LE6.4 billion.

Edited translation from Al-Masry Al-Youm