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المصري اليوم
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Gamal Awad denies Social Insurance theft
Major General Gamal Awwad, Chairman of the National Authority for Social Insurance, denied any theft or appropriation of pension funds during the era of former President Hosni Mubarak. He confirmed that the public treasury has paid approximately 1.610 trillion Egyptian pounds to the authority since 2019 as part of recovering dues and historic debts, and that the system has achieved an investment return of 20 billion pounds. He pointed out that the directives of President Abdel Fattah El-Sisi regarding the handling of financial entanglements have contributed to improving the pension system. He also stated that there is no truth to claims of theft of funds or the existence of billions in wealth belonging to Mubarak or former Finance Minister Youssef Boutros Ghali.
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