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Egyptian authorities examine Morsi family wealth

Financial disclosure of ousted president Mohamed Morsi's land and assets is examined by legal authorities

Ahram Online, Sunday 8 Sep 2013
Morsi
Egypt's general prosecutor has opened an investigation over Morsi' wealth. (Photo:Reuters)
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A joint committee formed by Egypt's Illicit Gains Authority - the Public Funds Investigation and Administrative Control Authority - has started to examine the financial disclosure of Egypt's ousted president Mohamed Morsi, his wife and children, in order to make a report about the family's wealth and assets.

The committee is expected to finish its work over the next two days.

Egypt's prosecutor-general opened on Saturday an investigation into Morsi's wealth, after a report was filed by the head of an anti-corruption association accusing the ousted president of taking personal advantage of his position, as well as squandering LE2 billion ($285.7 million) during his election campaign.

A judicial source told Ahram Online's Arabic gate the committee's mission includes an inventory of the properties of the former president, his wife and children, in all of the Egyptian governorates, including land and real estate.

The family's banks accounts will also be examined, as well as shares in the stock market, if they exist.

In July, Egyptian prosecutors froze the assets of 14 prominent Islamists, including Muslim Brotherhood Supreme Guide and deputy leader Khairat El-Shater, as part of investigations into alleged 'incitement of violence' at protests.

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Muhammad Tariq Khan
13-09-2013 12:13pm
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What a funny Prosecution
Egyptian prosecutor is like Bacha Sakka of Indian Subcontinet. Very funny prosecutor who could not see the wealth of Mubarak and his family. Now he has been released from the jail due to his innocence. He will definitely get rid of the blames of the killings during his ouster. Because the common man life does not matter for such type of prosecutor.
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Maz Elmasrawy
12-09-2013 02:41pm
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Egyptian Citizen openion
Dr Morsi is the legal president til now and he is the honest president in the Egyptian history. The coup now just make lies about Dr Morsi. The most of Egyptian people did not believe the coup stories about all anti coup protests.Most of Egyptian believe that Dr morsi is a honest but the army, interior security, Justice ministry, Tv and news papers all work against Dr Morsi until coup. Dr Morsi do a very good steps in economy, in freedom, employee income and retired income. what the coup do!. They just increase the army and security salaries but reduce the employee rise( 15% of Dr morsi to only 10%). also the economy has a very bad situation although the Gulf aids. Coup just a group or traitors.
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