Given the record of squandered funds and poor returns, it should not be surprising that Russia's foreign intelligence service would run a group of "sleeper agents" who received large bundles of cash and accomplished nothing indictable.
The bond issue was rejected by the voters, some of whom wanted the City Hall to remain where it was; some of whom did not want City Hall to be near Irvine Co. offices; and all of whom did not want the city to squander funds on a new municipal complex.
"I will sue them for squandering public funds".
Under Egyptian law, the maximum sentence for bribery is life in prison, and for the lesser offense of squandering public funds, 3 to 15 years, Ms. Morayef said.
In one case, Mr. Salem is accused of squandering public funds by siphoning $714 million in public money out of a deal to sell natural gas to Israel.
Last week the bishops' conference issued a "red card" to the organisers for squandering public funds and evicting people for stadium construction.
The cash inflow - estimated at about 100 million rupees per month or about $5.9 million - is causing much concern about inflation, squandering of funds and the fact that the market cannot absorb such large amounts of money.
In a speech yesterday, Brown said: "Those organisations found to be squandering public funds on over-generous salaries for officials, at the expense of services for people, will be named and shamed".
Under Egypt's new reconciliation law, sentences may be overturned or prosecutions dropped if former regime cronies hand back a wad of money.In March Rachid Mohamed Rachid, a former trade and industry minister convicted in absentia of squandering public funds, was taken off the to-be-arrested list after he paid back 15m Egyptian pounds (about $2.2m).
No matter how often it is used, credulous citizens continue to believe the too big to fail fear-mongering propaganda that both parties use to justify squandering public funds to socialize losses and privatize gains.
