Steel tycoon Ahmed Ezz applies to run for parliamentary polls
Egypt's parliamentary
Shebin El-Koum - MENA
Steel tycoon Ahmed Ezz, former organization secretary for the now- disbanded National Democratic Party, applied on Sunday for candidacy in the upcoming parliamentary elections.
The application was presented by a lawyer on behalf of Ezz.
Ezz was arrested following the January 25 Revolution and faced charges along with the former industry minister Ibrahim Mohamadeen, for profiteering and misuse of public funds.
On March 2013, Ezz was sentenced to 37 years in jail. He appealed the verdict, and the case was later dropped and he was released after paying a bail.
In November 2014, Egypt’s Court of Cassation reduced the fine against him from 100 million EGP to 10 million EGP; however the re-trial of his case is still ongoing.
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