17 February 2013

Egypt: EGP One Billion Retrieved From Conciliation in Corruption Cases

Attorney General of the Higher Public Funds Prosecution Mustafa Al-Husseini has said that about EGP1 billion and $25 million were paid back to the State's coffers, as well as hundreds of thousands of meters in Hurghada, North coast, Gulf of Suez and 6th of October City in a number of public funds cases which were settled with reconciliation.

Husseini added that the prosecution has offered settlement submitted by Damac UAE real estate company which includes that the said company give back the lands which it earlier obtained in different parts of the country worth EGP9 billion, in addition to giving up the installments it had earlier paid worth about EGP300 million against settlement of irregularities.

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