Update February 22, 2015

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Hosni Mubarak’s oil minister acquitted in retrial



A court acquits former Egyptian oil minister Sameh Fahmi in a retrial

22 February 2015, Nirapad News: Egyptian judicial officials said on Saturday, a former oil minister under ousted president Hosni Mubarak has been ruled innocent of corruption-related charges.

Sameh Fahmy was accused of squandering public funds and profiteering by exporting natural gas to Israel for prices lower than global market rates.

For many Egyptians, that deal typified the close ties Mubarak forged with Israel and how his associates benefited financially from such deals.

Saturday’s retrial verdict comes after Fahmy was convicted and sentenced to 15 years in prison in the original trial in 2012. Last year Mubarak was cleared of responsibility for the killing of protesters during the 2011 uprising, the biggest case against him. An appeals court overturned the last remaining conviction against Mubarak earlier this year.

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