Gold holds steady as investors eye Fed minutes    Japan's April exports rise on weak yen    EGP swings against USD in early Wednesday trade    Asia-Pacific REITs face high climate risk, report shows    Siemens Energy Egypt service centre launches 1.9-MW solar power plant in SCZone    Egypt, Japan partner on blood bag production, technology transfer    Finance Ministry announces EGP 8bn disbursement for export subsidy initiative by 6 June    Egyptian, Dutch Foreign Ministers raise alarm over humanitarian crisis in Gaza    "Aten Collection": BTC Launches its Latest Gold Collection Inspired by Ancient Egypt    ArcelorMittal, MHI operate pilot carbon capture unit in Belgium    China pushes chip self-sufficiency, squeezing US suppliers    Egypt's Health Minister monitors progress of national dialysis system automation project    Hamas accuses ICC Prosecutor of conflating victim, perpetrator roles    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Egypt's Shoukry, Greek counterpart discuss regional security, cooperation in Athens    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Partnership between HDB, Baheya Foundation: Commitment to empowering women    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt detains former PM Ebeid for illegal land deal
Published in Daily News Egypt on 15 - 07 - 2011

CAIRO: Authorities detained former prime minister Atef Ebeid for 15 days to investigate allegations he illegally sold land well below market value, judicial sources said on Thursday.
Since a popular uprising toppled President Hosni Mubarak in February, Egyptian prosecutors have been investigating corruption allegations made against former officials and businessmen connected with his 30 years in power.
Judge Ahmed Edrees, commissioned by the Ministry of Justice to investigate corruption in the agriculture ministry, accused Ebeid and Youssef Wali, former agriculture minister, of illegally selling land in Luxor in the south of Egypt.
The pair are charged with selling the plot to businessman Hussein Salem, a close confidant to Mubarak, for LE 8 million ($1.3 million) when the value of the land was LE 208 million.
The land was also sold illegally because it is a protected nature reserve, Edrees said.
Ebeid denied in a five-hour investigation on Thursday responsibility for the deal, blaming it on Wali, sources said.
The former prime minister, who was banned from travel out of Egypt on Feb. 23 for other charges, was in office between 1999-2004. He left under increasing pressure from business leaders demanding faster privatization.
The public prosecutor in April sequestered funds belonging to Ebeid as part of a probe into alleged squandering of public funds relating to the sale of Assiut Cement, now a local affiliate of Mexican company Cemex.
Wali is facing other charges as well. He was the agriculture minister from 1982 to 2004 and is charged with approving the importation of cancer-causing pesticides.
Salem, who was arrested in Spain last month on an international warrant, is accused of wasting funds by selling gas to Israel below market prices.


Clic here to read the story from its source.