Mubarak misappropriated US$ 185 bn of foreign aid

Abu Sina · Dec 2, 2011

A recent study by the Economic Research Center said deposed President Hosni Mubarak misappropriated US$185 billion or

87 percent of the total US$213 billion that Egypt received in foreign aid from 1982 until 2010.

The study said that the United States gave Egypt US$63.5 billion, Japan US$32 billion, Saudi Arabia US$25 billion and the United Arab Emirates US$20 billion, in addition to a number of other countries.

The study was based on reports from the Ministry of International Cooperation, the Central Auditing Organization and the Council of Ministers at the time of prime ministers Atef Ebeid and Ahmed Nazif, said Salah Gouda, director of the center.

Gouda explained that a large part of that aid was paid in salaries of Egyptian and foreign consultants, and in decorating the offices of the ministers.

Some countries withdrew their aid when they found out it was not being spent on agreed projects, he said, pointing to Canada withdrawing US$50 million that were allocated for a project to sanitize sewage water.

Management of foreign aid is the responsibility of the Ministry of International Cooperation, he added. And Fayza Abul Naga has been minister since 1999.
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http://www.almasryalyoum.com/en/node/469607

Anyone supporting the traitor Mubarak his sons, his ministers and his gang of thugs and what they did to my country and people all these years must have been part of, or benefited from their system!

Margot · Dec 9, 2011

Abu Sina said: ↑

http://www.almasryalyoum.com/en/node/469607

Anyone supporting the traitor Mubarak his sons, his ministers and his gang of thugs and what they did to my country and people all these years must have been part of, or benefited from their system!
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I don't think that's possible, Abu.. Egypt gets their US foreign aid in weapons.

A little research will help..

waltky · May 22, 2014

Hosni convicted fer hands inna cookie jar...

Egypts Mubarak gets jail sentence for stealing funds
Thu, May 22, 2014 - An Egyptian court yesterday sentenced ousted former Egyptian president Hosni Mubarak to three years in prison on charges of stealing public funds.

The court orders Mohamed Hosni Mubarak to be sent to jail for three years, judge Osama Shaheen said as Mubarak looked on from a cage flanked by his sons, who were sentenced to four years in jail on the same charges. The court fined Mubarak and his sons 21.197 million Egyptian pounds (US$2.98 million) and ordered them to repay about 125 million Egyptian pounds of funds the court said they had stolen.

The verdict may please some Egyptians who lived through three decades of autocracy under Mubarak, but analysts say that businessmen still loyal to him are still influential. Rights groups say that abusive practices of the Mubarak regime are alive and well as another former military man prepares to take the reins of power. Mubarak has been under house arrest at a military hospital since August last year pending retrial in a case of complicity in killing protesters during the 2011 uprising that ended his rule.

It was not immediately clear if the three years Mubarak and his sons have already spent in jail would be counted toward the sentence and if Mubarak would return to the army hospital.

http://www.taipeitimes.com/News/world/archives/2014/05/22/2003590974
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Mubarak misappropriated US$ 185 bn of foreign aid

Abu Sina New Member

Margot Account closed, not banned

waltky Well-Known Member

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Mubarak misappropriated US$ 185 bn of foreign aid

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Margot Account closed, not banned

waltky Well-Known Member

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