A Cairo criminal court upheld on Sunday a ruling by the state security prosecution to freeze the assets of 83 defendants who are accused of conspiring with the Ikhwan to bring down the government on the anniversary of 30 June, MENA reported. The court also banned them from travel and ordered the confiscation of the assets of 19 related companies. Multiples Group Chairman Omar El Shenety, former politician and revolutionary figure Zyad Elelaimy, journalists Hossam Monis and Hisham Fouad as well as former presidential candidate Ayman Nour are among those who were arrested in June.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…