VOL. XLIV

No. 04

22-January-2001

EGYPT

Egypts Appeals Court Orders Retrial For Banking Loan Scam

Egypts highest appeals court on 14 January announced a retrial of the 31 people convicted in a banking loan scandal last year (MEES, 17 July 2000). According to the Egyptian press, the Court of Cassation said prosecutors would have to request a retrial of those convicted, who include bankers, businessmen and four members of parliament, because they failed to gain permission from the Central Bank of...