Egypt Former Presidential Candidate Shafik Referred to Court

Egypt’s former Prime Minister Ahmed Shafik, his daughters and 10 other officials were referred to a criminal court on charges of profiteering, facilitating the seizure of public funds and forging official documents.

Shafik, who lost Egypt’s first democratically held presidential election in June to Mohamed Mursi, is accused of allocating state-owned land to a company without offering it for tender, the ministry of justice said in a faxed statement today.

Hisham Mourad, Shafik’s lawyer, denied the accusations. He said “the case is political and not criminal, and aims to defame Shafik,” when reached by phone in Cairo.

Shafik isn’t currently in Egypt, Mourad said.

Before it's here, it's on the Bloomberg Terminal.