Egypt's President Abdel-Fattah El-Sisi ordered a taskforce to be formed late Saturday in order to investigate corruption allegations in the media, following last week’s claims by Central Auditing Organization head Hisham Genena that corruption from 2012 to 2015 cost the country LE600 billion.

The committee will be headed by the chief of the Administrative Control Authority and will consist of representatives from the ministries of justice, interior, planning, and finance, in addition to Central Auditing Organization deputy chief Hisham Badawi.

The committee will draft the urgent report and submit it to the president, after which it will be presented to the public.

Earlier this year, 11 top officials at the agriculture ministry were referred to the judiciary over accusations of embezzlement and facilitating the seizure of public funds and resigned agriculture minister Salah Helal was arrested over corruption charges in September.