An Egyptian court Wednesday sentenced former president Hosni Mubarak to three years in jail for embezzlement of public funds designated for presidential palace maintenance, media reported.
The Cairo Criminal Court, presided by Judge Ousama Shaheen, also sentenced Mubarak's sons Alaa and Gamal to four-year jail terms in the same case, Xinhua reported citing state-run Nile TV.
The Mubaraks were fined 125 million Egyptian pounds (nearly $17.5 million), and were ordered to reimburse 21 million Egyptian pounds (nearly $2.9 million) to the state treasury.
Mubarak and his sons, along with four other aides, were charged with misappropriating 100 million pounds ($14 million) of funds intended to refurbish the presidential palace.
The four aides were acquitted for lack of evidence.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
