Opening the black box of Egypt's slush funds

Number 27613
Subject Africa
Source Africa Confidential and the Angaza Foundation for Africa Reporting (TAFAR)
State
Year 2015
Publication Date 26 May 2015
Summary 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
Category IRE Contest Entry
Pages
Keywords egypt; military; non profit; united states; cover ups
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