Turk sought by Egypt in Mubarak Asset Theft

Three days after Egypt announced it would indict Mubarak, his family, and Salem on corruption charges, Salem's children Khaled and Magda Salem stepped down from the directorship of an obscure Panamanian shell company and were replaced by two Azerbaijan proxies.

Less than three weeks later Salem, a former Egyptian intelligence officer, his son, Khaled, and Evsen were arrested in Spain at the request of Egyptian prosecutors on money laundering charges.

In OCCRP’s February investigation, reporters uncovered Evsen’s role at the epicenter of the asset transfer: The two Azerbaijani citizens who took over Salem’s company were at the time vice presidents of the Evsen Group, a business conglomerate that operates in Eastern Europe, especially in Albania and Azerbaijan.  The president of the company is Ali Evsen.

Evsen was arrested in Spain because he wired €17 million to a host of Salem accounts in the Spanish Bankinter.   Evsen said the money was loan repayment, but Spanish authorities considered the transaction suspicious.  At the time, they made no mention of the Panama deal.  Evsen was later released and is awaiting court action against him.

According to the Spanish arrest warrant, Evsen is a shareholder in one of Salem's flagship companies, Mediterranean Sea Gas Co., which allegedly sold Egyptian gas purchased from the Egyptian government to Israel at below market rates.

Evsen acquired shares in the natural gas business in 2008 in exchange for the proceeds of the sale of land in urban areas in Azerbaijan.

Firidun Goyushov, the man who took over directorship from Salem’s children in the Panama companies is the vice president of the Evsen Group.  According to its web site and company records, he owns a number of companies in Baku, including shares in a large shopping mall and taxi company, once owned by the Evsen Group, with Evsen’s brother in law.