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Court sentences ex-trade minister to 5 years

By Sherine El Madany /Reuters CAIRO: The Cairo Criminal Court convicted former Trade Minister Rachid Mohamed Rachid in absentia on Saturday and sentenced him to 5 years in prison for profiteering and squandering public funds, the state news agency MENA said. Rachid, a regular at the World Economic Forum in Davos, lost his job in late …

DNE

Rachid faces profiteering charges in absentia

By Tamim Elyan CAIRO: The Higher Public Funds Prosecution referred Sunday former minister of trade and industry Rachid Mohamed Rachid, to court on charges of profiteering from his position to the tune of LE 9 million. The court is set to issue its ruling in absentia if Rachid, who left the country before being issued a …

DNE

Egypt ex-trade minister says Mubarak role ‘critical’

By Erika Solomon/Reuters DUBAI: Egypt’s former trade minister, sacked with the rest of President Hosni Mubarak’s cabinet in an attempt to quell mass protests, said Mubarak’s participation in the country’s government transition was “critical.” Rachid Mohamed Rachid told Reuters in a phone interview on Sunday he planned to return to Egypt despite learning on arrival in …

DNE

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