Egypt court acquits Mubarak-era tycoon over gas sales to Israel – Middle East Monitor

A Cairo criminal court acquitted the Egyptian business tycoon Hussein Salem yesterday of squandering public funds in a case related to exporting Egyptian natural gas to Israel at less than the global market price.

Salem is known for being a close associate of former Egyptian President Hosni Mubarak, who was ousted in 2011 following a popular uprising.

Mubaraks 30-year era was marred by corruption and a strong influence of businessmen on the countrys political dynamics. After the 2011 uprising, Salem was convicted in a number of cases that included corruption, money laundering and seizing state property.

However, he recently entered into a reconciliation agreements with the present Sisi regime stipulating that charges against him will be dropped in exchange for Salem offering an undisclosed amount of his fortune to the Egyptian authorities.

Salems lawyer Mahmoud Kebeish was quoted in the Egyptian media as saying that in the next court session he will present to the court a reconciliation deal struck between Salem and the current Egyptian government, entailing the dropping of all lawsuits in which he was accused of money laundering, exporting gas to Israel at a low price and seizing state land.

Read the original here:
Egypt court acquits Mubarak-era tycoon over gas sales to Israel – Middle East Monitor

Related Post

May 19, 2017   Posted in: Egypt |

Fair Use Disclaimer

"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances."

Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights.

Fair use as described at 17 U.S.C. Section 107:

"Notwithstanding the provisions of section 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phono-records or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.

In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include:

  • (1) the purpose and character of the use, including whether such use is of a commercial nature or is for or nonprofit educational purposes,
  • (2) the nature of the copyrighted work,
  • (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole, and
  • (4) the effect of the use upon the potential market for or value of the copyrighted work."