MP: Former housing minister gave tycoon free land

MP Saad el-Husseini, along with 44 other members of parliament, filed a complaint with the Public Funds Prosecution office in which he accused former housing minister Ibrahim Suleiman of squandering public funds in favor of prominent business tycoon Hisham Talaat Mustafa.

Mustafa is currently on trial for his alleged role in the 2008 murder of Lebanese pop star Suzanne Tamim in Dubai.

El-Husseini claims Suleiman provided Mustafa with 8000 acres of free land on which to build the "Madinaty" urban development project.

According to the law, however, state-owned land can only be sold via public bids, with buyers paying 25 percent of the total land value in advance and the rest in installments over a three-year period.

"The selling price of one square meter in the Madinaty development reached between LE750 and LE4000 in 2007 when Ahmed el-Maghrabi became housing minister," said el-Husseini. "This means Suleiman wasted somewhere between LE26 billion and LE102 billion."

Translated from the Arabic Edition.

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