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Official request to expedite reports on fugitive business tycoon
Yousry el Badry Published in Almasry Alyoum on 04 - 09 - 2011

The Illicit Gains Authority (IGA) has asked the competent supervisory bodies to expedite reports about the fortune of fugitive business tycoon Hussein Salem in order to start investigation into charges leveled against him.
Salem, who is currently arrested in Spain, is charged with granting deposed President Hosni Mubarak and his two sons mansions in Sharm el-Sheikh in return for vast tracts of land in Sinai.
The Administrative Supervisory Authority and the Public Funds Prosecution are expected to submit their reports on Salem's fortune to the IGA in a few days.
Salem's son Khaled and his daughter Magda are also accused of money laundering.
The IGA also asked the international law firm in Spain to follow up on Egypt's request to extradite Salem, and the lawsuit to repatriate his money.
“The expedition of Salem is the sole right of the Spanish courts,” said Magdi al-Shafei, Interpol's director in Egypt.
Meanwhile, sources said the committee tasked with repatriating siphoned funds is meeting with British officials next week to discuss the issue.
The committee is also meeting with Swiss officials to repatriate some 410 million Swiss Francs that Mubarak, his two sons and other Egyptian officials have allegedly deposited in Swiss banks.
Translated from the Arabic Edition

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