Egypt’s Court of Cassation on Saturday turned down an appeal by former President Hosni Mubarak and his sons Alaa and Gamal for reconciliation in a case known to media as the “Presidential Palaces.”
The same court in January 2016 previously rejected an appeal made by Mubarak and two sons against their three-year imprisonment.
At that time, the court upheld the Cairo Criminal Court’s May 2015 ruling to imprison Mubarak and his sons for three years and to fine them LE 125.77 million and ordering them to repay LE 21.1 million.
The Prosecutor General charged Mubarak and his sons for seizing and facilitating the seizure of funds worth LE 125 million in the period between 2002 and 2011, under the pretext of renovating presidential palaces, while the amount was actually redirected to their personal property.
In October 2015, a Cairo court ordered the release of the defendants, stating that they have already completed their three-year prison sentence.
Held in custody since April 2011, Mubarak’s two sons were released in January 2015, after spending maximum time in preventative detention.
Alaa, Gamal and seven others were referred to the criminal court on charges of violating stock market and Central Bank rules to gain unlawful profits, according to Egypt’s Public Prosecutor on Saturday, September 15.
Their trial for manipulating the stock market took place while they were outside prison.
Edited translation from Al-Masry Al-Youm
