Egypt's finance watchdog to have a nasty bite
Egypt's finance watchdog will have the power to take people to court
Auditors at Egypt's Central Auditing Organisation (CAO) are to have the right to refer infringements directly to the prosecutor, without getting clearance from senior officials, the minister of justice said on Wednesday.
A report from state-run news agency MENA said that minister Ahmed Mekki had given CAO employees who audit public finance documents the right of "apprehensive jurisdiction."
Mekki's decision could form part of a much-anticipated shake-up in the public finance watchdog, which supervises the spending of public money and which employees allege is too close to Egypt's ruling authorities and riddled with corruption.
Since January 2011's uprising, staff have held sporadic protests to push for greater independence for the state body, which they say will help it protect public money.
Critics claim a series of Mubarak-era reforms limited the power of the CAO, making it unable to adequately monitor state corruption.
- DP World’s profits soared by 41 percent in H1. What’s their secret?
- Kingdom’s SMEs hold stronger outlook for Q3
- Jordan's King Abdullah has a 10-year plan for the country's economy
- Dubai's economy could have an optimistic future with a 5.6 percent growth this year
- Ups and downs: Jordan's public debt is up and ratio to GDP is down