Egypt: Rights group slams law allowing settlement with corrupt investors

A local rights group has demanded that parliament repeals a law issued by the ruling military council that allowed for settlements in cases of squandering public funds. The Egyptian Initiative for Personal Rights (EIPR) sent a memo to the People’s Assembly’s legislative and economic committees Wednesday demanding the repeal of a law issued by the Supreme Council of the Armed Forces (SCAF) on 3 January to settle with investors under legal investigations in cases of squandering of public funds. The law is an adjustment to the Investments Guarantees and Incentives Law No. 7 of 1997, giving the government full authority to settle with investors in financial corruption probes even if they are referred to criminal courts or are subject to preliminary prison sentences.