Egypt requests international apprehension of Mubarak-era minister
Rachid Mohamed Rachid, Former Minister of Industry and Foreign Trade - AFP/Juan Mabromata
By THE CAIRO POST

CAIRO: Egypt has made its sixth request to Interpol to apprehend Hosni Mubarak-era Foreign Trade Minister Rachid Mohamed Rachid on illicit gains charges, Youm7 reported Friday.

Rachid is a codefendant in pending lawsuits on charges of embezzlement, money laundering, influence peddling and smuggling public funds outside the country. He served as a minister from 2004 until the January 25 Revolution in 2011. He managed to travel to the United Arab Emirates before a travel ban was issued against him.

In August, the Cairo Criminal Court sentenced Rachid and his daughter Alia to 15 years in prison in absentia and fined them both 522 million EGP ($72.9 million).

In June 2011, he was sentenced to five years for squandering public funds and illegally increasing his wealth, and fined over 9 million EGP.

The former minister proposed a settlement of 250 million EGP to reconcile with the Illicit Gains Authority in March, Youm7 reported, but no news emerged on whether the authorities accepted the deal.

He had paid 15 million EGP to Egyptian authorities in May 2013 to settle a legal case, according to Al-Ahram Online. However, he remains on Egypt’s wanted list pending other lawsuits.

The Rachidis have reportedly left the U.A.E., which is a member of Interpol, to an unknown destination. If arrested, they will be retried.

Several other ministers and businessmen fled Egypt after the revolution and are wanted in corruption cases, including former Finance Minister Youssef Boutros-Ghali and business tycoon Hussein Salem.

Additional reporting by Nourhan Hassan. 

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