Egypt investigating ex-head of financial watchdog


An Egyptian panel investigating corruption cases committed under deposed President Hosni Mubarak has banned the former head of a market regulator from leaving the country, said the state news agency MENA .

The panel previously accused Saad Abdel Latif, former head of Egypt’s Capital Market Authority, of cooperating with Mubarak’s son Alaa, MENA said. Alaa is being held in a Cairo prison on charges of profiteering and abuse of power.

Abdel Latif is the latest in a string of former officials and businessmen to be questioned in the wake of Mubarak’s overthrow on February 11, Reurters reports.