Egyptian Markets Driven Down by Morsy’s Anti-Corruption Talk

Suzanne Mubarak, the wife of Egypt’s deposed leader, was accused of money laundering earlier this year.  The withdrew $191 million from the Women for Peace Foundation she started in Geneva after the ousting of her family’s regime last February.  The WPF took in lots of money and showed no results whatsoever.  The Swiss federal investigators are currently looking into the financial violations committed by Mubarak and her deputy Aliya Bedary, who resides in Switzerland, and found money laundering and tax evasion estimated to be somewhere near $950 million.  Her nephew was recently detained in Dubai for fraudulent financial transactions. In the face of a thoroughly corrupt financial system, Morsy talks clean.  Loans from the IMF depend on this.  Article

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