Thursday, 5 September 2013

The Return Of Egypt’s Elite | @REBELECONOMY

The Return Of Egypt’s Elite | REBEL ECONOMY:

"Those who were punished under Mohammed Morsi are getting their own back.
The chief executive of Egypt’s biggest construction company, Orascom Construction Industries, has signalled that the firm is “currently exploring its legal options” with regards to the $1 billion (EGP7.1 billion) tax settlement it agreed in April with the Morsi administration.
If the decision is overturned, it would be a symbolic victory for the business tycoons who have laid low since the end of the Mubarak era.
The signs are clear. Others who faced trial for more serious charges, including steel tycoon Ahmed Ezz, have been released and will likely live in luxury as they await retrial. Egypt’s prosecutor general has frozen an investigation panel sponsored by Morsi to probe crimes committed during the January 25 revolution and its aftermath."

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