Mubarak’s Sons Jailed for 15 Days Pending Investigations

Former Egyptian President Hosni Mubarak’s sons, Gamaland Alaa, were ordered detained for 15 days pending investigations on charges they bought plots of lands for much lower than the market price, state-run Middle East News Agency reported today.

Alaa and Gamal, who was in line to become the country’s next ruler before the 2011 uprising that toppled his father, face charges of participating in profiteering, facilitating the takeover of public funds and hurting those funds, the news service said, citing the judge leading the investigation.

Former lawmaker Essam Sultan also accused former Prime Minister Ahmed Shafik of selling Mubarak’s sons 40,238 square meters (48,124 square yards) of land for 75 piasters ($0.12) a meter when the actual price was at least 8 pounds, according to MENA, which cited Sultan’s complaint. The transaction took place in 1993, when Shafik headed the Association of Pilot Officers that owned the land, the news service said.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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