Two new cases filed against accused in Omar Effendi and Egoth land deals

Ahram Online, Tuesday 22 Feb 2011

Old cases against Mahmoud Mohieldin and Ahmed Ezz also reopened after recent events

Yahia Hussein Abdel-Hadi, the coordinator of the "No to selling Egypt" movement, this afternoon presented two cases to the prosecutor general against Mahmoud Mohieldin, in relation to the Omar Effendi deal, and Ahmed Ezz, in relation to a deal involving land owned by the Egoth company.

Abdel-Hadi requested in the first case the statement of Hadi Fahmi, who confessed a year ago that Mahmoud Mohieldin was behind the Omar Effendi deal and that he was just an accomplice. He also requested that Mostafa El-Said's statement after his confession that Ezz was behind the report of the plan and budget to pass the deal.

He accused Mohieldin, the ex-Minister of Investment and head of the General Trade Holding Company, of intentionally losing public money, through the sale of department store chain Omar Effendi to the Saudi Anwal Company in a deal that was LE700 million less than the estimate of the official assessing company.

This was assigned by the head of the holding company, without committing to the recommendations of the prosecutor general which were to keep state fixed assets of land and buildings.

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