A Cairo criminal court sentenced Ladislav Otakar Skakal, Italy’s former honorary consul in Luxor, to 15 years in jail in absentia for attempting to smuggle artefacts out of Egypt,AFP reports. The prosecution alleges he was assisted by Raouf Ghali, the brother of Mubarak-era finance minister Youssef Boutrous Ghali, and a verdict is expected in his case next month. Egypt has requested that Interpol issue a red notice for Skakal.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…