300 Applicants Receive Compensation... 300 More to Receive Checks Next Week

2nd Phase of Compensation under Consideration

The Ministry of Finance has received about 7,200 compensation application...

300 Applicants Receive Compensation... 300 More to Receive Checks Next Week  2nd Phase of Compensation under Consideration The Ministry of Finance has received about 7,200 compensation applications for facilities, private cars, taxis and trucks damaged in the aftermath of the January revolution. The joint committee created by the Ministry of Finance and Misr Insurance Company to evaluate damage and decide compensations has already processed more than 1,100 applications, for which checks are ready to be issued, a Ministry of Finance official source said. Insurance experts started to examine more cases to determine damage and due compensations, pending referral to the Joint committee which will decide finally on the amount of compensation and issue checks to facility and vehicle owners, he added. Compensations have been already paid to more than 300 facility and car owner, and 300 checks the will be delivered next week. Documents required to receive the checks include photocopies of the police report, the national ID card, and the driving license in the case of cars, and tax file and filled tax declaration form for establishments, he pointed out. Anyone proven to have submitted fake documents, in order to get the compensation, will be immediately prosecuted, he added. On the other hand, the Ministry of Finance will not receive any more compensation applications at present, the deadline having been set for last March 24, the official said. In case it is decided to start a new phase of compensation, this will be announced in media, after processing all valid applications filed by the March 24 deadline, the source added. (Source: Ministry of Finance)