Cabinet to reconcile over 23 squandering public funds cases

CAIRO – 13 July 2018: Egypt’s Cabinet, headed by PM Moustafa Madbouly, accepted on Friday 23 reconciliation requests regarding squandering public funds worth LE10 million after they were examined by reconciliation over squandering public funds commission affiliated to Illicit Gains Authority during the month.

Senior official sources said that the reconciliation commission has received 62 requests from state officials and businessmen charged with squandering public funds to settle their cases after payment of reconciliation value set by the law, and pledge to oblige by a number of administrative measures to ensure compliance with the law.

The sources pointed out that the commission rejected 28 requests for lack of seriousness in the reconciliation and failure to meet the legal requirements, while it decided to postpone their decision regarding other 11 reconciliation requests until the completion of their examination.

The reconciliation requests came in accordance with the new Reconciliation Law amendment, Article 18, of the criminal procedure law, issued in October 2015. The amendment stipulates that it is permissible to reconcile with defendants accused of criminal offenses and misdemeanors punishable by law, after the payment of a fine.