Egypt: Former Minister jailed for corruption
On June 28 2012 Egypt's former oil minister, Sameh Fahmy, was sentenced to a 15 year prison term for supplying oil at preferential rates to a number of countries including Israel. Ten other former Ministry officials have been convicted of related offences, receiving prison sentences of between three and ten years each.
The corruption is alleged to have cost the country billions of dollars in lost revenue and fines imposed on Fahmy and the other officials total US$412.47 million (2.5 billion Egyptian pounds).
A major shareholder in East Mediterranean Gas, Hussein Salem, was sentenced in absentia to 15 years imprisonment for his role in the corruption. Salem fled Egypt after uprisings against former President Hosni Mubarak's government in February last year.