A criminal court in court sentenced Wednesday the Egyptian fugitive business mogul, and close friend of former president Hosny Mubarak, Hussein Salem to seven years in prison and a fine of over four billion dollars on charges of profiteering and money laundering from gas exports to Israel, state television reported.
The court handed similar sentences to Salem's son Khaled and daughter Magda after investigations proved Salem had laundered part of the money collected to his children, according to the report. They were tried in absentia too, dpa reported.
Salem, a close associate of former Egyptian president Hosny Mubarak, fled Egypt on February 3 during anti-government protests.
He is now in Spain in police custody.
Court sentences Egyptian business tycoon to seven years in prison
A criminal court in court sentenced Wednesday the Egyptian fugitive business mogul, and close friend of former president Hosny Mubarak, Hussein Salem to seven years in prison and a fine of over four billion dollars on charges of profiteering and money laundering from gas exports to Israel, state television reported.
