5 facts that reveal the extent of what steals close to the Egyptian regime

While the trial of 4 accused in the case known in the media as “bribery of the Ministry of Health” continues, including the ex-wife of the Minister of Health, Dr. Hala Zayed, unveiled in October 2021; New cases of corruption and theft of state funds by those close to the ruling regime have erupted.

These crimes come in the wake of the state’s suffering during financial crises and a decline in foreign exchange cash reserves, and amid economic pressures and the need for funds to provide basic commodities with the Russian-Ukrainian war entering its fourth month, in addition to the budget deficit and the order of the majority to repay foreign debt.

“Adult-related crimes”

Feelings of anger in the Egyptian street have barely subsided following a June 6 court ruling that bankrupted “19011 Pharmacies”, which was initially associated with sovereign bodies, and their owners seized about 7 billion pounds from Egyptian banks’ money mediated. News did the rounds. that an Egyptian businessman escaped with bank money. .

Also read: A financial crisis hit 19011 pharmacies in Egypt. What is the relationship with the military?

And Egyptian press websites last Thursday confirmed the escape of the owner of the House of Expertise for Financial Leasing, Khaled Abdullah, to join dozens of businessmen and officials who fled in the British capital, London, after they seized laid on £ 10 billion from 4 Egyptian banks, including “Sayib” and “Al Baraka”. ‘, and’ Faisal al-Islami ‘.

Abdullah, known as the “emperor of finance”, is one of the businessmen close to the regime, and he worked in the Egyptian market through the era of the regime’s president, Abdel Fattah Al-Sisi, during which he was not exposed to any harassment or crises like many businessmen who robbed the regime of their money, including the owner of the “Juhayna” company, Safwan Thabet. , and others.

Controversial, senior officials are taking part in the management of the “House of Expertise Group”, including the group’s CEO, the former Prime Minister of Egypt during the era of Abdel Fattah Al-Sisi, Ibrahim Mahlab, and Mohsen Adel, the former chief of the Investment Authority and former Vice President of the Egyptian Stock Exchange.

On top of that, the businessman’s escape with these billions comes in the wake of the suffering of Egyptian public and private banks due to poor funding, turbulence in exchange rates and government decisions to raise interest rates last March and May.

In the context of the crimes of robbery of state funds, and on June 20, it was revealed that a senior employee of the National Bank of Egypt (governments) seized 22 million pounds (1.2 billion dollars) of the money of depositors in the bank and transferred it to America before escaping.

The incident of theft of the funds of the National Bank, which has the largest portfolio of customer deposits in Egypt, at about £ 2.40 trillion at the end of last May, comes after the bank made £ 550 billion of depositors’ money from the sale of the 18 percent certificates offered by the government in the past two months.

In an exciting fifth incident, the highest state security prosecution investigated the case in which councilor Sami Mahmoud Ali Abdel Rahim (56 years old), the judge of the Ismailia Court of Appeal, is accused of receiving bribes from businessmen and drug and arms dealers. was indicted by him in the court he presided over, in exchange for them giving acquittals.

The accused judge is one of the judges close to the regime, and he has been charged with several cases in which he convicted members and leaders of the Muslim Brotherhood, including the group’s guide, Muhammad Badi, and the leaders, Muhammad al-Beltagy , Safwat Hegazy, and 92 others, up to 25 years in prison.

Also read: “Arabi 21” reveals the corruption of an Egyptian judge who sentenced hundreds of opponents (documents)

As for the five incidents and others, some have called on the Central Bank and the Egyptian parliamentary and judicial authorities for a fair and transparent investigation into these crimes and the extent to which they are associated with influential personalities who rob bank funds. facilitated.

“Corruption by direct order”

Although Egypt announces the fight against corruption, and in December 2021 organized the International Anti-Corruption Conference in Sharm El-Sheikh, with the attendance of 76 countries; Corruption on the ground has affected most sectors of the state, especially in light of the decisions to allocate projects by direct order, and the military’s control over most projects and their allocation to smaller companies and contractors.

Here, an engineer and contractor confirmed to “Arabi 21” that “corruption has become a direct matter,” explaining that “in these attributions, corruption has no limits, as for any contractor or company to obtain a subcontracting , he must pay bribes or royalties to those who manage these projects of military figures.

He explained that “in exchange for the company or contractor’s commitment to strict requirements, fines or penalties for breach of specifications, he must make many concessions during the period of his work to those who manage the project and those who the higher authorities oversee., and whoever refuses to “lighten his brain” is punished by not receiving the project and postponing it. debtors. “

This state of corruption in Egypt was expressed in the annual report of the World Corruption Perceptions Index released by Transparency International last January, in which Egypt ranked 11th in the Arab world and 117th worldwide, out of 180 countries, for the year 2021. This is the lowest score Egypt has maintained since the 2020 report.

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