Egyptian Steel Tycoon Sentenced for Corruption
Egypt's court jailed ex-ruling party official and steel magnate Ahmed Ezz for 10 years on corruption charges. ⚖️
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A court in Egypt has sentenced a former ruling party official to 10 years in prison on corruption charges. <br /><br />Steel magnate Ahmed Ezz and an associate were also fined more than one-hundred million dollars, and his company licences were revoked. <br /><br />The verdict caused shares in his company Ezz Steel to fall by 10 percent. <br /><br />Al Jazeera's Sherine Tadros reports from Cairo.
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2:15
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Published
Jul 25, 2012
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