المهندس أحمد المغربي ، وزير الإسكان ، يتحدث إلى جريدة "المصري اليوم" , القاهرة , 27 مارس 2007" title="أحمد المغربي في حوار لجريدة "المصري اليوم"" class="imagecache imagecache-highslide_zoom" width="536" height="402">Informed sources said former Housing Minister Ahmed al-Maghraby, who is
currently banned from travel, faces three cases now being investigated
by prosecutors concerning the seizure of public funds.
They said al-Maghraby is accused of facilitating the acquisition of public
funds and profiteering by selling the Amon Island in Aswan and other
state-owned land by direct order to certain businessmen.
Six months ago, Amon Island--a hotel location over an area of 238
acres--was sold to a private company for LE80 million, of which the
buyer only paid LE4 million. The contract was later terminated when the
company failed to meet the terms of payment.
The island was offered for sale again for another LE80 million only, and
the purchasing company refused to pay more than 5 percent of the total
price until the sales contract was registered.
It was found out later that the new buying company belonged to al-Maghraby
and former Transport Minister Mohamed Mansour, who had in their turn
sub-sold the island to a third party.
The deal violates Article 158 of the constitution, which prohibits
incumbent ministers from purchasing, renting or leasing state property
while in office.
President Hosni Mubarak had at the time intervened and canceled all agreements on
the island. He then ordered that it be offered for sale in a public
auction on a usufruct basis.
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