Businessman Salah Diab is facing fresh charges that he acquired the EGP 70 mn Queen Wooden Products Factory in 2013 in collusion with officials at the Suez Canal Bank for just EGP 12.8 mn, Youm7 reports. The founder of Pico Group and Al Masry Al Youm newspaper was detained for 15 days last Wednesday pending investigation of allegations of misuse of public land, building without licenses and tax evasion.

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