Latest in Tag: Illicit Gains Authority Highlight

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Latest in Tag: Illicit Gains Authority


A daunting mission: Getting back Egypt’s stolen assets

Over the course of Hosni Mubarak’s rule, the illicit outflow of funds from Egypt are estimated at $132bn. After the January 2011 Revolution, countries such as Switzerland and the United Kingdom have been asked to freeze and repatriate Egypt’s stolen wealth. However, many legal, political and financial hindrances stand in the way. Daily News Egypt examines these hurdles and the efforts the Egyptian and foreign governments have exerted in order to recover these lost assets.

Sarah El Masry

Mubarak probe ‘extremely difficult’, says investigator

By AFP CAIRO: A judicial official investigating the wealth of ousted Egyptian president Hosni Mubarak said on Thursday the job is proving “extremely difficult,” describing the strongman as a master of the “art of evasion.” Khaled Selim, the head of the investigation unit of the Illicit Gains Authority, has been conducting a series of interviews …

DNE

Illicit Gains Authority remands Nazif for 15 days, court refuses Sorour’s appeal

By Tamim Elyan CAIRO: The Illicit Gains Authority remanded former Prime Minister Ahmed Nazif in custody for another 15 days pending investigations on charges of profiteering and inflation of wealth. In the case of inciting violence against protestors in the “Battle of the Camel” on Feb. 2, the Criminal Court refused the appeal of former PA …

DNE

Illicit Gains Authority questions Heikal on Mubarak fortune claims

By Tamim Elyan CAIRO: The Illicit Gains Authority (IGA) summoned Monday veteran journalist Mohamed Hassanein Heikal to question him regarding a press interview in which he claimed that ousted president Hosni Mubarak’s fortune was worth $9-11 billion based on documents in his possession. Heikal told investigators that he got his information from international reports and periodicals …

DNE

Investigations ongoing with Suzanne Mubarak, official says

By Tamim Elyan CAIRO: Investigations into abuse of power allegations against the ex-president’s wife Suzanne Mubarak are ongoing and releasing her does not mean the case is closed, said the head of the Illicit Gains Authority Assem El-Gohary. In a conference Wednesday at the justice ministry, El-Gohary said Suzanne Mubarak faced two charges regarding a villa …

DNE

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