Interpol lifts Rashid Mohamed Rashid from wanted list
Former Minister Of Trade And Industry Rashid Mohamed Rashid - YOUM7 (Archive)

CAIRO: The International Criminal Police Organization (Interpol) lifted Mubarak-era former Minister of Trade and Industry Rashid Mohamed Rashid from its wanted list, despite being sentenced in Egypt, Youm7 reported Tuesday.

In August 2014, Rashid and his daughter Aliaa were sentenced in absentia to 15 years in prison and fined 522 million EGP (around $73 million) over illicit gains, Youm7 reported.

Rashid and his daughter, who fled Egypt after the January 25 Revolution, are accused of stealing 500 million EGP (US$ 69.9 million) and smuggling the funds to Cyprus.

In March, 2014, the authority asked Interpol to issue an arrest warrant against Rashid and his daughter.
Rashid was sentenced to 15 years and fined 1.4 billion EGP in 2011 over wasting 600 million EGP (about 73.9 million) of public funds via illegally issuing Egyptian steel tycoon Ahmed Ezz two licenses to manufacture steel.

Recommend to friends

Leave a comment