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Friday, March 04, 2011

Mubarak Faces Corruption Probe For Years Of Selling Gas To Israel At Sub-Market Rates

READ MORE: Mubarak Faces Corruption Probe For Years Of Selling Gas To Israel At Sub-Market Rates: "Hosni Mubarak and his former oil minister are being investigated for exporting artificially cheap gas to Israel and six European countries, according to Al Masr Al Youm.
Egypt's new authorities say these deals cost the country $170 million over the past five years. Chief prosecutor Magid Mahmud claims deals with Israel cost as much as $500 million, according to DEBKA."

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