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Sunday, 11 March 2018

Egypt drops case against Ahmed Ezz due to expired statute of limitations

Prosecutors drop case against Ahmed Ezz as statute of limitations kicks in: The Cairo Criminal Court dropped the case against steel magnate Ahmed Ezz and former Industrial Development Authority Chairman Amr Assal, ruling that the statute of limitations for the case has expired, Al Masry Al Youm reported. The two had been accused of squandering public funds. The court also lifted travel bans on each of the two. Ezz had been handed a 37-year prison sentence in the case in 2013, but recently reached a EGP 1.7 bn settlement agreement with the government, Reuters noted.

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