Monday 9 September 2013

The Wrap: Morsi Wealth Investigated, Libya Public Sector Wages Up 20% | REBEL ECONOMY

The Wrap: Morsi Wealth Investigated, Libya Public Sector Wages Up 20% | REBEL ECONOMY:

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  • EGYPT 

- Egyptian authorities examine Morsi family wealth - Ahram Online
The ousted Islamist president is accused of taking advantage of his position, as well as squandering LE2 billion ($285.7 million) during his election campaign. Egypt’s Illicit Gains Authority, the organisation that has thus far failed to follow through on most of its investigations against Mubarak-era politicians and businessmen, is among the entities leading the investigation.
Unfortunately, the IGA along with Public Funds investigator and the half a dozen or so other “investigation committees” have demonstrated that they are driven more by politics rather than a genuine desire to crackdown on illegal transactions and wipe out corruption. Many former officials of the old guard linked to corrupt dealings have got away with dismissals, retrials and prolonged case hearings."

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