Sisi refutes contractor’s allegations that state funds were wasted on vanity projects at hastily organized youth conference

Source: Madamasr

Author(s): Madamasr

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In his first public response to accusations by a former business partner made in a series of viral videos over the past 10 days, President Abdel Fattah al-Sisi called the claims that he and the Armed Forces squandered public funds on vanity projects “lies.”

The allegations were made by Mohamed Ali, whose contracting company carried out civilian projects for the Egyptian military, which has become heavily involved in wide swaths of the economy since Sisi came to power in 2013. Ali, who is now in Spain, published a series of videos on social media in which he accuses Sisi of wasting money on presidential palaces and the army of squandering billions of Egyptian pounds on real estate projects, including a luxury hotel in a Cairo suburb.

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