World Bulletin / News Desk
The two sons of Egypt's former president were back in court on Monday facing charges of stock market manipulation, five weeks after separate corruption charges against them were thrown out.
Gamal and Alaa Mubarak, with seven other men, were charged with violating stock market and central bank rules to make unlawful profits through dealing of shares in Al Watany Bank of Egypt.
Mubarak's eldest son, Alaa, is a businessman. His brother Gamal, a former banker, was widely viewed as being groomed for Egypt's top job until Mubarak was toppled in February 2011.
Wearing white prison uniforms, they sat in a steel cage reserved for defendants in the court at a Cairo police academy as a prosecution official read out details of the charges. The other executives wore suits.
"This has absolutely no basis in fact. I deny these charges in whole and in their details," Gamal Mubarak told the judge. His brother said: "Unfortunately, sir, this is all lies and defamation."
Mubarak, 84, was given a life sentence on June 2 in the first trial in an ordinary court of an Arab leader ousted in a popular uprising. Charges against his sons were dropped in that trial because a statute of limitation had expired.
Yasser El Mallawany and Hassan Heikal, board members and joint chief executives officers of investment bank EFG-Hermes , are also charged in the case.
Mallawany looked irritated and unsettled when the judge called his name. He stood after the judge called for him a second time and he rose to his feet, saying: "This hasn't happened sir. None of this is true."
EFG has said it is confident in the "soundness of its legal position" regarding the 2007 acquisition of Al-Watany by National Bank of Kuwait. EFG said it would defend the two executives against the accusations and said the operations of EFG-Hermes had not been affected.
Heikal did not appear in the dock.
Gamal Mubarak took an 18 percent stake in EFG's private equity arm when it was formed in 1997. EFG Hermes Private Equity accounts for no more than 7 percent of EFG Hermes Holding's total consolidated revenues, the bank said.
"We did nothing wrong," former Al-Watany general manager Hussein Fathy, who was not among the accused, told Reuters outside the court.
"When we were approached by the state's largest brokerage company, EFG Hermes, asking us if we would like to sell, we said OK as they made us a good offer," he added.
He said he did not know how Alaa and Gamal Mubarak were linked to the case.
The Mubaraks' lawyer Farid el-Deeb asked for his clients to be released, saying they were arrested for a misdemeanour and not a felony, meaning that, by law, they cannot be in prison for more than six months, which they have already served.
Farid el-Deeb also accused authorities of holding his clients without justification, saying they were being discriminated against simply because of their father's name.
"Why are they the only ones still behind bars? Everyone has been released but them. I ask you, why?" he told the court.
Egypt has witnessed 17 turbulent months since Mubarak's overthrow and has been run by a military council until Islamist President Mohamed Mursi took office on June 30.
Athens on April 7 accepted in principle a tough set of new reform and tax measures in return for fresh cash to avert a possible debt default in July.
Here is a look at those who were still a little wet behind the ears when they attained high executive office.
The OSCE suffered its first casualty in the three-year war in Europe's backyard after an armoured vehicle hit a landmine Sunday in the Russian-backed separatist fiefdom of Lugansk.
"We respect the choice of the French people. We are in favour of building good and mutually beneficial relations," said Kremlin spokesman Dmitry Peskov, quoted by state-run RIA Novosti news agency.
Military blames attack on Nigerian ISIL-linked terrorist group Boko Haram
Eight of the bodies were recovered in Greek waters while the Turkish coastguard found another seven bodies, a Greek coastguard spokeswoman said.
Building the wall was Trump's signature campaign promise, and the White House appeared determined to get Congress to approve a down payment as part of a bigger bill to keep the US government funded.
Guterres spoke amid a deepening row over alleged bias within the UN following US pressure, exacerbated last month when a UN rights expert issued a blistering criticism of Israel's policies.
International media pored over the results of France's closely watched first round of its presidential election Sunday, with mainstream newspapers flocking to back centrist Emmanuel Macron against far-right rival Marine Le Pen.
The measure follows an initial round of sanctions announced last week, Canada's first against Syria and its president, Bashar al-Assad, since 2014, when a conservative government was in office in Ottawa.
GM isn't the only US business to be walloped by Venezuela's crisis.
The tremor took place at 11.36 pm (0236 GMT), centered off the coast at 42 kilometers (26 miles) west of Valparaiso, according to the US Geological Survey.
Macron led on Sunday the first round of voting for president, with projections based on partial results showing him polling 23-24 percent to Le Pen's 21.6-23 percent.
Half a dozen pirate attacks have been reported in the region over the last month, after falling to zero in recent years, said US general Thomas Waldhauser.
The Russian embassy had asked that he be freed, and orders had been given for his release in Colombia's Choco department, the rebels said.
Arkansas's Republican governor Asa Hutchinson has said the accelerated execution timetable is necessary as the state's stock of a controversial sedative will expire at the end of the month.