The Cairo Criminal Court, as reported by state media on Thursday, ordered the release of Gamal and Alaa Mubarak, sons of former President Hosni Mubarak, for a fine of EGP 100,000 each, pending investigations, following their trial detention in the case dubbed as ‘stock market manipulation.’
The court also ordered the release of Hassan Mohamed Hassanein Heikal, Yasser Soliman El-Mallawany, and Ahmed Fathy Hussein, under the same above-mentioned conditions.
The Criminal Court had earlier accepted also on Thursday an appeal by Gamal and Alaa Mubarak, against their pre-trial detention in the ‘stock market manipulation’ case.
On the same day, the Cairo Appeals Court accepted the appeal by Gamal and Alaa, to change the bench in the ‘stock market manipulation’ case, which is being investigated by Cairo’s Criminal Court.
As per the decision, the bench will be changed and the case will be looked into by another judge.
Earlier this week, the Criminal Court ordered the arrest of the defendants. It was prearranged that the court will resume the case on 20 October.
The defedants are accused of acquiring illicit gains from the sale of the Egyptian National Bank, in addition to charges of insider trading on the Egyptian Stock Exchange.