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Corruption interrogations begin for former NDP secretary

Ahmed Ezz, former secretary of the 30-year ruling party in Egypt, must explain his nearly $2 billion fortune today to the corruption committee

Ahram Online, Sunday 22 May 2011
Ahmed Ezz
Ahmed Ezz, a senior leader in former President Hosni Mubarak's party and chairman of Ezz Steel, arrives in a police vehicle outside the court in north Cairo (Photo: Reuters)
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Egypt’s Illicit Profiteering Authority has started interrogating Ahmed Ezz, the former ruling National Democratic Party secretary, over his LE11 billion ($1.89b) fortune.

Ezz is accused of taking advantage of his former position to illegally expand his personal wealth through monopolies and state privatisation projects.

His wealth is estimated based on a combination of his companies, accounts and real estate. His companies are priced at LE7b; his bank accounts hold roughly LE3b; and his properties, which include villas, houses and hotels that he is accused of having gained through his connections with Gamal Mubarak, son of Egypt’s ousted president. 

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