This is tragic that the current Egyptian elite, rather than thinking about serious alternatives, opt to reinstate the corrupt capitalists who destroyed the Egyptian public sector for personal profits.
“The Court of Cassation decided on Saturday to overturn a 37-year sentence for former National Democratic Party (NDP) leader and business tycoon Ahmed Ezz.Ezz was handed the 37-year sentence in March having been found guilty of profiteering and squandering public funds to the amount of EGP 5bn… In May the same court revoked a separate sentence of seven years that was handed down to Ezz for laundering over EGP 6bn. He was ordered to pay more the EGP 16bn in fines by a Cairo criminal court. Ezz was a prominent figure in former president Hosni Mubarak’s now defunct NDP. He was also one of the closest allies of Mubarak’s son, Gamal, and the two were viewed as the defining figures of the “new guard” within the party.”
- Egypt steelworkers accuse govt of serving tycoons (worldbulletin.net)