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United Nations Convention against Corruption (UNCAC) Coalition statement

The UNCAC Coalition, a group of over 240 civil society organisations in more than 100 countries, including the Afro-Egyptian Human Rights Organisation (AEHRO) and NADAFA-Egyptians against corruption, is deeply concerned about public wealth illicitly transferred out of Egypt. A report by Global Financial Integrity released in January 2011 finds that Egypt is losing more than US$6 billion per year - US$57.2 billion in total from 2000 to 2008 - to illicit financial activities and official government corruption. Earlier this week, allegations were published about the wealth of Egyptian President Hosni Mubarak and his family. This wealth should be thoroughly investigated, and if illicitly transferred should be immediately frozen and then repatriated.