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Egypt: two Mubarak sons arrested for stock-market manipulation


The two sons of former Egyptian President Hosni Mubarak whose 2011 revolution caused the fall, were arrested Saturday in a case of "stock manipulation", reports AFP quoting a judicial source.

After the fall of Hosni Mubarak in favor of the Arab Spring, several legal proceedings were launched against the former head of state, who had remained in power for 30 years (1981-2011), and his relatives.

Gamal and Alaa Mubarak, along with three other people, are accused of having agreed to acquire the majority of the shares of several banks through front companies, without declaring it on the stock exchange, as required by law. They were arrested on the order of a judge at a hearing, in their presence, in a criminal court in Cairo, and must be transferred to a detention center, according to the same judicial source. The next hearing in their case was set for October 20.

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