Egyptian Business tycoon Diab jailed 4 days over possessing weapons, ammunition
Egyptian Business tycoon Salah Diab

CAIRO: Egyptian Business tycoon Salah Diab, co-founder of major Egyptian newspaper Al-Masry Al-Youm, was sentenced Monday to four days in prison for investigations over charges of possessing weapons and ammunition in his Villa, Youm7 reported.

Diab was arrested Sunday morning from his home, on charges of embezzlement and wasting public money.

Egypt’s Attorney General Nabil Sadek issued a decision Friday to confiscate assets of Gamal Mubarak’s father-in-law and other 16 businesspersons, including Diab.

The decision names Mahmoud al-Gammal, his wife, the grandson of former Al-Azhar Sheikh Medhat Gad al-Haq, and 13 others. They face numerous charges including purchasing a piece of land in the 6 of October City to build a housing investment project called the New Giza for prices cheaper than the market.

The Attorney General set Nov. 10 to consider the case before a Cairo Criminal Court.

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