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Egypt's Nazif detained for 15 days pending investigations
Hatem Khedr Published in The Egyptian Gazette on 31 - 05 - 2011

CAIRO – Egypt's ex-Prime Minster Ahmed Nazif was detained for 15 days on charges of amassing wealth illegally, the local media reported on Tuesday.
Investigations revealed that Nazif illegally got a large amount of fortune including three palaces worth LE75 million, four plots of land, two flats in Dokki and a villa in October, in addition to having some shares in several communication companies.
Nazif denied such accusations attesting to the legal sources of his fortune. Nazif said he made good money when working for communication companies before his designation as prime minister.
The head of the Illicit Authority Agency, affiliated to Ministry of Justice, Assem el-Gohari froze the assets of Nazif, his wife and his offspring.
Nazif had been earlier fined LE40 million (about $ 6.4 million) in another case on charges of damaging the economy after a decision to cut Internet and telephone services during the January 25 revolution.
In the same case, Egypt's former president Hosni Mubarak was also ordered to pay 200 million Egyptian pounds ($33.5 million) in compensation, while former interior minister Habib el-Adly came out with the heaviest fine of 300 million pounds ($50.3 million).

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