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Egypt ex-minister jailed 15 years over
Israel gas deal
Saturday June 30, 2012 10:18:05 AM,
Agencies
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Cairo: A criminal court on Thursday
jailed for 15 years each a former Mubarak-era cabinet minister and
a businessman for selling Israel natural gas below market value,
news agency AFP reported quoting a judicial source.
“The Cairo criminal court sentenced former oil minister Sameh
Fahmi and fugitive businessman Hussein Salem to 15 years in prison
each over the [Israel] gas deal,” the source told AFP.
They were accused “of exporting gas to Israel at below market
value” undermining the interests of Egypt, the source added.
Five former high ranking officials from the oil and gas authority
received jail sentences raging from three to 10 years on similar
charges, the source added.
The military rulers who took over power in Egypt after veteran
strongman Hosni Mubarak was ousted by massive streets protests in
February 2011 launched sweeping probe into corruption.
In April Egypt’s new rulers cancelled a controversial 15-year deal
to export gas to Israel which was signed in 2005 but said they
would be ready to negotiate a new agreement.
Egypt supplies roughly 40 per cent of Israel’s gas supplies.
The sale of gas to Israel, which signed a peace treaty with Egypt
in 1979, has always been controversial in the Arab world’s most
populous country.
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