Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Egypt auditor, sacked by Sisi, convicted of lying about mass corruption

Published 28/07/2016, 17:13
Egypt auditor, sacked by Sisi, convicted of lying about mass corruption

CAIRO (Reuters) - Egypt's former top auditor, who was sacked after he said corruption had cost the country $68 billion in four years, was sentenced to jail on Thursday for spreading false news, judicial sources said.

President Abdel Fattah al-Sisi sacked Hisham Geneina, head of the Central Auditing Organisation, in March. He appointed a fact-finding commission that quickly concluded Geneina had misled the public by over-estimating the scale of corruption.

Geneina was fined 20,000 pounds and told he could pay 10,000 pounds more in lieu of serving his jail term, the sources said.

"This is the maximum penalty and we will appeal," defence lawyer Ali Taha told Reuters.

Geneina, who did not attend the court session, told Reuters last month he had done nothing wrong and his case was being used to discourage others from speaking out in a country he said was increasingly in the grip of security agencies.

Sisi has made fighting graft a priority for his government as it struggles to rebuild an economy battered by political turmoil since the 2011 uprising that ended Hosni Mubarak's 30-year rule.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.