The investigation into accusing officials of selling 20 acres of the Waqfs Authority was undervalued

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The Supreme Public Funds Prosecution decided to keep investigations with officials of the Endowments Authority in the complaints submitted regarding the irregularities in the sale and purchase of the shares owned by the Authority in some quarters and the involvement of officials in the Authority to sell 20 acres of Waqf properties less than the fair price.

The prosecution listened to the complainants and a number of employees and officials of the Authority about the waste of public funds in order to seize it. The reports included the sale of some of the shares of the Authority to the Housing and Development Bank without obtaining the prior approval of the Board of Directors of the Authority. The number of more than 20 acres owned by the Egyptian Endowments Authority, and that these lands were sold to citizens and not to the bodies that follow the budget of the state budget, which may have a very serious impact when the disposition of these shares randomly and individually, by their new owners take In a Considering the nature of the National Bank and his influential in a very sensitive area, a reconstruction and housing projects, and that it resulted in the sale process to deprive the body of the value of profits earned distributed to shareholders total value of more than 20 million pounds, causing a waste of public money.