Egypt PM from Mubarak era jailed for three years

Former Egyptian Prime Minister Ahmed Nazif was jailed for three years on Thursday for the unlawful possession of property and for making illegal profits from a public-interest company.

Nazif, who held the job during deposed President Hosni Mubarak's last years in office, was also fined 9 million Egyptian pounds ($1.48 million).

Prosecutors said he made 64 million Egyptian pounds by
illegally acquiring land and an Alexandria apartment and making private profits from a public institution he founded. He had already been handed a suspended sentence on separate corruptioncharges.