Wednesday, July 7, 2010

Follow Up : Al Magherbi Gate

What happened to PHD's Tut Amon deal still puzzles me because it did not stop at that presidential decree which made the famous real estate development company lose LE 400 million according to its CEO , Yassin Mansour only as the presidential decree and what followed it from debate about minister Magherbi was just the start.

Last week we found Dostor daily exposing a new scandal in the ministry of housing , in brief the current minister of housing Ahmed Al-Magherbi has sold to his cousin's company nearly one million square meter at New Cairo for LE 250 per square meter !! The real market value for the land is more than LE 5 billion and PHD bought it for LE 241 million !!!PHD has already  got 6 projects in New Cairo.

Yassin Mansour has denied this dangerous accusation which was supported by documents , claiming that the land was allocated to PHD since the days of Ibrahim Soliman. Ironically enough Ibrahim Soliman is facing allegations of corruption already.

Despite the good intentions of Dostor daily , one must wonder if these documents were leaked from the regime itself , from the NDP itself for the elections season !!?? Again I do not suspect the intentions of Dostor Daily , on the contrary in fact because it is a respectable popular independent newspaper the NDP may have leaked indirectly these documents to the journalists there to hide any involvement with the matter especially that the Dostor Daily is anti-regime newspaper.

The elections time is here and the regime needs a sacrifice , a good yet big scapegoat in order to save some of its dignity and to appear as the patriotic regime which puts the nation's best interest above all !! The regime knows that the people are fed up with the corruption of the businessmen cabinet thus it will not harm to sacrifice some of these businessmen ministers in order to satisfy the public. Maghrabi will not be in the next ministry and be sure of that

Mansour and Maghrabi  group is guilty indeed and I am sure that when this regime goes down , we will even know more scandals as this is just the beginning.

4 comments:

  1. Hi Zeinobia, pardon me for being off-topic in this post, but I thought this was something you would be interested in. El Naschie in today's Rosa Al-Youssef column urges the Egyptian govenment to follow the example of China in clamping down on what El Naschie considers a lawless Internet full of defamation and slander disguised as free speech. China as you know kicked out Google for not censoring search results according to the Chinese government's liking. Arabic or English. Government involvement of this kind is generally bad news for bloggers.

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  2. Assalam alaikoum, I'm so glad I've stumbled upon your blog for the insights you give: actually we know nothing about Egypt and it's hardly in the
    news so thanks for sharing. Ciao!

    ReplyDelete
  3. Z
    http://www.debka.com/article/8896/

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  4. @Jason , oh someone has hit a hot nerve and it is you Jason , this man is a real piece of work , seriously

    @Mikapoka , waalikoum Al Salam my dear , thank you so much for encouraging words

    @Anonymous , thanks for the link
    why I am not surprised , I wrote about it anyhow , check the front page

    ReplyDelete

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