Following the Arab Spring, the Swiss Authorities blocked 700 million Swiss francs held by Mubarak’s clan. Despite the opening of criminal investigations in Switzerland and Egypt, it appears that the confiscation of this money is increasingly unlikely. One quarter of the money frozen on Swiss bank accounts was already released in December 2016.
Files: Anti-Corruption & Transparency
20 Apr 2018
The IFC has been operating in Egypt since 1995 and has worked with dozens of different companies across different sectors, mainly through lending or holding equity in the investee company, as well as by providing technical support. We have found through our research that the IFC invests in operations that are deeply involved with some of the most secretive offshore jurisdictions in the world, where information about the real owners of these companies is in many cases obscured.
25 Oct 2017
Following the Arab Spring, the Swiss Authorities blocked 700 million Swiss francs held by Mubarak’s clan. Despite the opening of criminal investigations in Switzerland and Egypt, it appears that the confiscation of this money is increasingly unlikely. One quarter of the money frozen on Swiss bank accounts was already released in December 2016. Last August, the Federal Prosecutor discontinued the cooperation with Egypt – explaining that it had led to no result.
An international network of leading investigative journalists is today contacting 7,000 politicians in 20 countries, including about 600 politicians in Egypt, to request they publish details of their own tax records as part of a new global drive f
When the IMF agrees to extend a loan to a country, there is a number of documents the IMF team is obligated to publish and several more the government in question must release.
The Dekheila Felony Court on June 28, 2016, acquitted all former workers with Alexandria Portland Cement-Titan of charges brought against them by the company in case 23944/2015.
On May 11, 2016, the Compliance Advisor Ombudsman (CAO), an independent mechanism of the International Finance Corporation (IFC), subordinate to the World Bank, referred a complaint against the Alexandria Portland Cement (Titan) to compliance officials.
The Egyptian Initiative for Personal Rights (EIPR) is pleased to learn that in 2013 the British Virgin Islands (BVI) authorities opened an investigation into Pan World Investments, according to documents published yesterday as part of the Panama P
Five objections: what is the problem with the World Bank loan?
Community members of Wadi el-Qamar in Alexandria filed a lawsuit against Alexandria Portland Cement Factory (Titan) because the factory operating in the heart of a large residential area uses coal for fuel.
