Parliament’s Culture, Information and Tourism Committee on Sunday discussed the squandering of public funds by state-owned newspapers, whose debts have reached LE12 billion.
“The editors-in-chief run those papers as if they owned them,” said committee chairman Fathy Ibrahim. “They even disregarded reports by the Central Auditing Agency.”
Ibrahim added that editors-in-chief who have reached the retirement age or those whose reputations are questionable would be replaced.
“We will bring back the money they took from advertising,” he said, pointing out that Parliament is working on putting an end to the losses incurred by those newspapers.
Committee Deputy Secretary Mohsen Rady said corruption still prevails in those institutions since the 25 January revolution.
Edited translation from Al-Masry Al-Youm