Egypt recovers $150 million from Mubarak era figures
Egypt's Public Funds Prosecution under the supervision of general attorney has recovered around 850 million Egyptian pounds for the state in addition to a land plot in Hurghada worth 162.5 million [Egyptian] pounds.
According to the Middle East News Agency (MENA), these funds were recovered within a period of 24 days.
The prosecution stated this procedure is part of "a new vision adopted by the prosecution to recover funds stolen and smuggled by a number of the former regime figures".
Once these figures return the smuggled funds, the cases filed against them are dropped.
The public funds prosecution has already taken the legal settlement procedures with the defendants who had obtained these lands and closed the cases filed against them.
- No sun on MENA's economic horizon? How today's political turmoil is crushing region's future edge in the global economy
- Why Egypt's army is bad at doing business
- Saudi Arabia's mass deportations reveal the horrifying reality awaiting Yemenis sent home
- Wiil they now be blamed for 'child unemployment'? Syrian minors now constitute majority of Jordan's working children
- Is MENA up to meeting the demand of creating 40 million new jobs?
- Egypt reaches reconciliation deal with Mubarak-era figures
- Egypt: $1.8 billion recovered from Mubarak-era figures
- Egypt's public prosecution body calls head of Metro union over disruption
- Swiss freeze $300 million of Mubarak assets, according to reports
- Gulf states provide US$1 billion to post-Mubarak Egypt