Egypt
changing
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| Ahmed Ezz (centre) is one of a range of former senior officials to have faced trial |
One of
Egypt's most powerful businessmen has been convicted of money laundering and
fined nearly 20bn Egyptian pounds ($3bn; £2bn).
Ahmed Ezz,
who was closely associated with former President Hosni Mubarak and his son, was
sentenced to seven years in jail.
Ezz, once a
prominent member of Mubarak's ruling National Democratic Party, was arrested in
February 2011.
He is
already serving a 10-year sentence for corruption.
Ezz made
billions of dollars in the steel industry, but has been accused of using his
political connections, particularly with Mubarak's son, Gamal, to exert
monopoly control over the steel market.
Mubarak is
currently serving a life sentence for failing to prevent the killing of
protesters during the 18-day uprising that forced him to step down in February
last year.
His sons
Gamal and Alaa are in custody awaiting trial on insider trading and corruption
charges.
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