CAIRO: The Central Auditing Organization (CAO) formed Monday a committee for examining financial irregularities that occurred during the presidential election, Youm7 reported.
The electoral irregularities will not be announced to the public and will be submitted to the High Presidential Election Committee (HPEC),” a source in the CAO told Youm7 Monday. The irregularities will be announced by the end of the week, the source added.
The CAO has received finance statements from the former campaigns of President Abdel Fatah al-Sisi and his former opponent Hamdeen Sabbahi, and the source said the committee will record whether the actual campaign expenses were within the financial limits set by the High Presidential Elections Committee.
Under current law, presidential campaign limits are set at 20 million EGP ($2.87 million) during elections for the first round and 5 million EGP during a runoff. The 2012 presidential election budget was set at a 10 million EGP limit for the first round and 2 million EGP for the runoff.
The Sabbahi campaign relied on self-financing with contributions from campaign members as well as popular donations, Emad Hamdy, a Sabbahi campaign member told The Cairo Post in April. Sisi did not announce his campaign funding sources, but his campaign did reveal how much it spent.
“Sisi’s campaign has spent 12 million EGP until now,” Tarek Nour, the campaign’s coordinator and chief advisor said on May 12. Sabbahi’s campaign announced on May 20 that it spent less than 100,000 EGP, according to Aswat Masriya website.