Category: Asset Recovery

Beyond Egypt: other people worth sanctioning in MENA

Posted on by Laila Martin

Masses of people flooded the streets to protest the endemic corruption of their governments in Cairo, Tunis and many other Arab cities. Following these uprisings six years ago, sanctions were imposed on public officials for misappropriating public funds. Here’s a look at recent European Union (EU) actions, such as asset freezes and visa restrictions. Egypt Read more about Beyond Egypt: other people worth sanctioning in MENA[…]

Written by:
Laila Martin on 16/03/2017.

Egypt’s (modest) efforts to bring back Mubarak’s billions

Posted on by Agatino Camarda

It was the anger against the widespread corruption of Mubarak’s regime that brought millions of Egyptians on the streets in early 2011. In the aftermath of the revolution, Egyptians put a lot of hopes that they would get back the billions of Euros stolen by Mubarak and his family to invest them in building a new Read more about Egypt’s (modest) efforts to bring back Mubarak’s billions[…]

Written by:
Agatino Camarda on 19/02/2017.

What are the EU sanctions and why are they important?

Posted on by Laila Martin

During the protests in Tunisia and Egypt in 2011, which led to the removal of longtime dictators Zine El Abidine Ben Ali and Hosni Mubarak, the Council of the European Union did something remarkable and, at the time, relatively unprecedented – it issued a regulation to its member states which pre-emptively froze the assets held Read more about What are the EU sanctions and why are they important?[…]

Written by:
Laila Martin on 18/02/2017.

The deal of the century

Posted on by Jackson Oldfield

It was 2011 when Hussein Salem fled Egypt to Spain. He had been accused by the new, transitional authorities of having profited through his connections with the regime of Hosni Mubarak to the tune of several billion dollars in corrupt assets. Hussein Salem was a business tycoon, known as the ‘Father of Sharm El Sheikh’ Read more about The deal of the century[…]

Written by:
Jackson Oldfield on 07/02/2017.

Making asset recovery great again

Posted on by Agatino Camarda

Many people are discussing passionately what the Trump era will look like. We should ask ourselves: what will happen to US policies on recovering stolen assets? Will the US administration continue in its anti-corruption efforts worldwide? Although we should wait to see what happens, the premises are far from promising. Many have criticised the conflicts Read more about Making asset recovery great again[…]

Written by:
Agatino Camarda on 02/02/2017.

6 years later, where are Mubarak´s billions?

Posted on by Laila Martin

Over the last 20 years, former Egyptian President Hosni Mubarak, his family and close circle of advisers allegedly enriched themselves through partnerships in powerful Egyptian companies, profiting from their political power and illicit enrichment from public money, according to numerous reports. Evidence shows that their wealth—obtained from illegal activities—was deposited or invested not just in Read more about 6 years later, where are Mubarak´s billions?[…]

Written by:
Laila Martin on 25/01/2017.

What is asset recovery and why you should care

Posted on by Laila Martin

(Click here for Spanish) Despite the alarming political, economic and social impact of public asset theft, the world of asset recovery remains a mystery to the general public. As 20 to 40 billion dollars in state assets are stolen by public officials or powerful leaders in developing countries throughout the world, it’s time we learn Read more about What is asset recovery and why you should care[…]

Written by:
Laila Martin on 30/08/2016.