CAIRO: The Cairo Criminal Court on Saturday sentenced former speaker of the Egyptian Shura Council Safwat al Sherif to five years in jail over illicit profiteering and power abuse charges, Youm7 reported.
The court also sentenced al Sherif’s son, Ashraf, for 10 years in absentia. It also fined them 209 million EGP (around$23.2 m.)
In August 2012, al Sherif and his two sons Ashraf and Ihab were all referred to criminal court by the then head of the Illicit Gains Authority over charges of abusing their powers in order to accumulate 300 million EGP (around $30 m) of illicit gains over the course of 15 years, according to Youm7.
The investigations, carried out by prosecution, revealed that al Sherif achieved this amount by buying state-owned real estate at a very low price.
During the said period, Al Sherif’s held the posts of chairman of the General Authority for Information, head of the Radio and Television Union, Information Minister, and finally, speaker of the Shura Council.
Al-Sherif is also accused of abusing his position as Minister of Information by receiving three million EGP in bribes from the board chairmen of state-owned newspapers, in order for them to remain in their posts.