Two sons of Egypt’s Mubarak arrested for alleged stock manipulation

September 16, 2018
Two sons of Egypt's Mubarak arrested for alleged stock manipulation
Two sons of Egypt’s Mubarak arrested for alleged stock manipulation

The two sons of former Egyptian president Hosni Mubarak were arrested on Saturday for alleged stock manipulation, a judicial source said.

Gamal and Alaa Mubarak are accused along with three other people of failing to notify the stock market of agreements to acquire majority stakes in several banks through front companies.

The accused attended a hearing at a criminal court in Cairo where a judge ordered their arrest, and they will be transferred to custody, the same judicial source said.

The next hearing has been set for October 20.

Alaa Mubarak confirmed his detention in a post on Twitter, voicing hope that “the truth will be revealed one day”.

 

Source: News Agencies

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