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#steel tycoon

Steel tycoon and former secretary-general of Hosni Mubarak's National Democratic Party Ahmed Ezz has been released from prison on Thursday after paying EGP 100 million. The business man and politician, who had also been accused of rigging Egypt's 2010 parliamentary elections, had been standing trial since 2011 on charges of money laundering, illicit gains and other corruption charges. Former chairman of Ezz Steel, Ahmed Ezz agreed to pay the hefty sum over nine month instalments to secure his release. However,…