Egyptian steel magnate Ahmed Ezz convicted

Ahmed Ezz (C) in court, along with Egypt's former tourism minister Zuheir Garranah (R), and former housing minister Ahmed al-Maghrabi (L), February 2011 Ahmed Ezz (centre) is one of a range of former senior officials to have faced trial

One of Egypt's most powerful businessmen has been convicted of money-laundering and fined nearly 20bn Egyptian pounds ($3bn; £2bn).

Ahmed Ezz, who was closely associated with former President Hosni Mubarak and his son, was sentenced to seven years in jail.

Ezz, once a prominent member of Mubarak's ruling National Democratic Party, was arrested in February 2011.

He is already serving a 10-year sentence for corruption.

Ezz made billions of dollars in the steel industry, but has been accused of using his political connections, particularly with Mubarak's son, Gamal, to exert monopoly control over the steel market.

Mubarak is currently serving a life sentence for failing to prevent the killing of protesters during the 18-day uprising that forced him to step down in February last year.

His sons Gamal and Alaa are in custody awaiting trial on insider trading and corruption charges.

More on This Story

Egypt transition

The BBC is not responsible for the content of external Internet sites

More Middle East stories


Features & Analysis

Elsewhere on the BBC

  • Audi R8Need for speed

    Audi unveils its fastest production car ever - ahead of its Geneva debut


  • A robot holding a table legClick Watch

    The robots who build flat-pack furniture - teaching machines to work collaboratively

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.