Egypt's Attorney General Abdel Meguid Mahmoud

Egypt's security sources said that prosecutors have begun collecting information about a middleman that had allegedly facilitated bribe payoffs between German company Ferrostaal and Egyptian government officials in order to secure approval for a five-year project in Egypt worth some 15 million euros.

"An investigator would travel to Munich to examine the results of investigations carried out by the German authorities," said the sources.

The German embassy in Cairo, meanwhile, declined to comment on the case since it is still under investigation.

The Ferrostaal corruption case has disconcerted the German government, especially in light of the fact that two other German companies--Siemens and Daimler-Benz--were also involved in recent bribery scandals.

Berlin fears it may have to compensate the countries involved in the cases for what appears to be a "systematic" method of bribery by German companies in countries known for widespread official corruption.

EGYPT NEWS

Email (will not be published)

Name

Title

Comment
 remaining characters

Post