Egypt investigating ex-head of financial watchdog

DNE
DNE
1 Min Read

CAIRO: An Egyptian panel investigating corruption cases committed under deposed president Hosni Mubarak has banned the former head of a market regulator from leaving the country, the state news agency MENA said on Tuesday.

The Illicit Gains Authority previously accused Saad Abdel Latif, former head of Egypt’s Capital Market Authority, of cooperating with Mubarak’s son Alaa, MENA said. Alaa is being held in a Cairo prison on charges of profiteering and abuse of power.

Abdel Latif is the latest in a string of former officials and businessmen to be questioned in the wake of Mubarak’s overthrow on Feb. 11.

 

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