CAIRO: The Illicit Gains Authority has settled a case against business tycoons Salah Diab and Mahmoud el-Gamal after the latter paid 238.7 million EGP ($26.8 million) for purchasing land without paying its full price, Youm7 reported Wednesday.
The two businessmen and 15 others from high-profile families were charged in the case of New Giza condo complex in 6 October City, which was purchased before President Hosni Mubarak was ousted in 2011.
Gammal paid the remaining cost of the land because he is the executive director of New Giza, judicial sources told Youm7.
Diab was briefly detained last November pending the case. His assets were also temporarily frozen.