Egyptian prosecution to finalize probe into corrupt gas deal with Israel

Discussion in 'Middle East - General' started by P F Tinmore, Mar 6, 2011.

  1. P F Tinmore
    Online

    P F Tinmore Platinum Member

    Joined:
    Dec 6, 2009
    Messages:
    34,661
    Thanks Received:
    1,700
    Trophy Points:
    1,080
    Ratings:
    +2,927
    CAIRO, (PIC)-- Egypt's Supreme State Security Prosecution is finalizing investigations with former minister of petroleum Sameh Fahmi after complaints filed against him for wasting public funds in oil export deals with Israel and six other countries in Europe.

    Investigations revealed the top secret gas deal with Israel was costing Egypt USD 13.5m a day, with a daily commission of USD 3m distributed between corrupt members of the ministry.

    According to memoranda received by the prosecutor, the income received by Egypt from gas exports to Israel was no more than USD 146m annually, while it imported cooking gas at about USD 3 billion yearly.

    The administrative court ruled on 18 November 2009 to suspend the gas trade decision with Israel, but former petroleum minister Sameh Fahmi did not comply with the decision.

    Egyptian prosecution to finalize probe into corrupt gas deal with Israel
     

Share This Page