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Egypt ex-minister jailed 15 years over Israel gas deal

Saturday June 30, 2012 10:18:05 AM, Agencies

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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The Aligarh Muslim University (AMU) students with the world's largest envelope they put on display on May 02, 2012. The envelope earned the premium Institution a place in the Guinness Book of World Records. AMU received a certificate in this regard on June 28, 2012.

 

 
 
 
 
 
 
 

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