May 30th, 2012
11:53 AM ET

Days before Mubarak verdict, sons charged with insider trading

Former Egyptian president Hosni Mubarak's two sons were charged with insider trading Wednesday, just days before a verdict is expected on a separate trial involving them and their father.

Gamal and Alaa Mubarak are accused of profiting 2 billion Egyptian pounds - about $331 million - through insider trading in the Egyptian stock market, said Adel Saeed, spokesman for the general prosecutor's office.

Their case was referred to the Cairo Criminal Court.

Their attorney declared their innocence and called the timing "suspicious."

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Filed under: Egypt
soundoff (3 Responses)
  1. saywhat

    What makes me shake my head in dismay is that it was we who kept this dictator propped up, feeding his security apparatus and pampering him. Just so that he could watch over Israel's interests in the region.

    May 30, 2012 at 12:00 pm | Report abuse |
  2. Mary

    @ saywhat, What makes you think that doesn't happen here in the states with our elected officials? Therefore; slithering powers that be make good bed-fellows, don't they?

    May 30, 2012 at 1:06 pm | Report abuse |
  3. Honest Jew

    Imagine that. Mubareck doing business through tunnels under Egypts border with Israel for decades, and not one single Israeli accomplice being named.
    You people don't really believe Israel is "gods chosen nation" like Romney and Obama say, do you? Then how is it Israels's sworn enemies are all armed by US.
    abolish organized religions. end this mess.

    May 31, 2012 at 1:01 am | Report abuse |