14 September, 2012

Former Egypt PM Ahmed Nazif jailed for corruption



Ahmed Nazif, Egypt’s prime minister under ousted President Hosni Mubarak, was sentenced to three years in jail on Thursday for illegally acquiring land and embezzling public funds.
Nazif was also fined 9 million Egyptian pounds ($ 1.48 million) for making illegal profits from a public-interest company.
According to prosecutors, Nazif made 64 million Egyptian pounds by illegally acquiring land and an Alexandria apartment, adding that he also made private profits from a public institution he founded.
The 60 year-old Nazif was remanded in custody April 2011 as one of several senior officials detained in the days after Mubarak’s overthrow

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