ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh
AR
Thursday 27 July 2017

Egypt

Court acquits Mubarak-era Multi-Billionaire Hussein Salem over “Exporting Gas to Israel” case

Thursday 18/May/2017 - 01:08 PM
Sada El Balad
Sada ElBalad-Nada Moustafa
Cairo Criminal Court headed by Councilor، Abdel Tawab Ibrahim acquitted Mubarak-era Multi Billionaire، Hussein Salem in exporting gas to Israel at below market value.

Noteworthy، Salem، a tycoon of the natural gas and real estate industries، who was a close associate of ousted President Hosni Mubarak، has been residing in Spain since fleeing Egypt during the popular uprising of 2011.

Salem’s lawyers reached a deal in August 2016 to settle his financial differences with state authorities، through an out-of-court settlement.

According to this settlement، Salem and his lawyers had agreed to handover 75 percent of his total wealth to the Egyptian state.

Comments

ads

Poll

What do you think about our new design?

What do you think about our new design?
ads