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Israel decides to track Salem's smuggled money to compensate for loss of gas
HATEM ATTIYAH NOURHAN MAGDI Published in Youm7 on 28 - 09 - 2011

The Israeli government decided to pursue the origins of the fugitive Egyptian businessman Hussein Salem's fortune from Spain, which is estimated at billions of U.S. dollars. Israel aims to use the smuggled money to compensate for the losses from the Egyptian natural gas pipeline to Tel-Aviv, which stopped importing gas into Israel for a few months.
Israeli economical newspaper Globas said Tel-Aviv decided to internationally sue Egypt and demanded Egypt to pay compensation of U.S. $80 billion. Representatives of the Israeli government met with representatives of Israeli electricity Company receiving Egyptian gas import from EMG Company, owned by Hussein Salem.
The meeting considered using all possible means to pursue Salem's fortune, and they also discussed the probability of failure. Israel will try to receive a partial ownership in EMG Company, where it will follow legal procedures to internationally sue the company.
The Israeli newspaper said the government and the electricity company will try also to control the source of gas pipeline owned by Salem's company.
Globas assured the Israeli government is starting taking procedures to sue Salem's company, where it hired an international law firm in Britain, Norton Rose, specialized in these forms of lawsuits.
Salem's company also took legal procedures in Washington D.C. to sue the Egyptian government after they stopped exporting Egyptian gas to Israel because of the frequent explosions on the gas pipeline.

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