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Protecting Whistleblowers since 1977

Mohieldin

World Bank's Mahmoud Mohieldin Should Be Investigated

Bea Edwards, May 09, 2011

This past Saturday, May 7, the Egyptian press announced that an administrative court annulled the deal privatizing the retail chain Omar Effendi five years ago. The ruling cited numerous legal violations regarding the sale of public assets, especially when such assets include architectural and cultural icons -- as the Omar Effendi sale did.

World Bank Managing Director Mahmoud Mohieldin Facing Corruption Allegations

Bea Edwards, April 27, 2011

The authoritative Egyptian newspaper Al-Ahram is reporting that the department store chain, Omar Effendi, privatized in a non-transparent and allegedly corrupt financial arrangement in 2006, is to return to public ownership within the month.

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