Egypt’s public prosecutor has charged three executives from a private petroleum company with embezzling nearly $1 billion from corporate funds, state news agency MENA and a judicial source said on Thursday. The firm’s former deputy chairman, Mohammed Mahfouz al-Ansari, and two other officials face a criminal trial on charges that they manipulated the company’s books and sent about $960 million into personal foreign bank accounts between 2011 and 2015. The firm, then known as Tri Ocean, has since been renamed Mog Energy. MENA and the source did not name the other two executives, giving only their initials, M.M.A and ... (full story)