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Resource ID: #27613
Subject: Africa
Source: Africa Confidential and the Angaza Foundation for Africa Reporting (TAFAR)
Affiliation: 
Date: 26 May 2015

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Description

This exposé of massive corruption in Egypt at the hands of the country's military rulers and loyalists of the failed Mubarak regime launches a partnership between the Washington DC-based non-profit Angaza Foundation for Africa Reporting (TAFAR) and Africa Confidential, the longest-established English-language publication on Africa. Entitled "Opening the black box of Egypt's slush funds", the story details how Egyptian generals and senior government officials use a complex network of slush funds as their private piggy banks, siphoning off billions of dollars from the country to top-up salaries and maintain networks of political allegiances. It also describes how recent attempts to investigate these so-called special funds have led to cover-ups, including Egyptian police allegedly stealing records implicating them in the misuse of their own funds. This “deep dive” report exposing mishandled slush funds, financial cover-ups, and massive corruption in Egypt was edited by former veteran Reuters correspondent Bernd Debusman, and overseen by TAFAR's President and Executive Director Bobby Block, a Wall Street Journal veteran. https://www.foreignaffairs.com/articles/egypt/2015-06-26/sisi-and-his-40-thieves

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