An appeal filed by former President Hosni Mubarak and his two sons against their jail sentences was rejected on Saturday, the Reuters-run Aswat Masriya website reported.
The appeal was filed in the presidential palaces case, in which Mubarak and his two sons Gamal and Alaa are accused of squandering LE125 million in state funds to renovate their residential properties. Mubarak was sentenced to three years in prison, while both sons were sentenced to four years and a fine of LE125 million.
Investigations by a state investigative body revealed that Mubarak and his sons received a yearly LE50 million allowance from the state budget for “presidential palace repairs.” This money was spent on building villas for Mubarak’s two sons and on their private farms.
This was the last chance for the former ruling family to appeal the verdict, making it the only sentence for corruption that has been upheld against the Mubaraks, as they were acquitted of all other corruption charges and accusations of squandering and embezzling public funds. Mubarak and his sons are now free, as they served their sentences whilst waiting for the verdict in this case and several others.
Mubarak, his sons, and six of his security aides were also cleared from charges of killing protesters in 2011 by a court order in 2014 that cited procedural errors.
Mubarak was on Transparency International’s list of the world’s most corrupt political leaders in December. The organization quoted a UK-based expert who evaluated the wealth of the Mubarak family as ranging between US$1 billion and $2 billion. “At the time of his resignation, Mubarak family riches contrasted sharply with the life of ordinary Egyptians battling low wages, high inflation rates and massive unemployment … Egyptians can ill afford any diversion of public funds into the pockets of the elite few,” Transparency International asserted.
The latest report from US-based NGO Global Financial Integrity on illicit flows from emerging economies claims almost US$39.8 billion was illicitly taken out of Egypt between 2004 and 2013. Egypt ranked 36 out of 149 developing countries worldwide for the illegal movement of money. The highest yearly amount leaked out of the country occurred in 2008, and amounted to $6.1 billion. 2013 saw $3.6 billion in illicit flows out of the country.