CAIRO: The name of Egyptian business tycoon Salah Diab, the founder of al-Masry al-Youm newspaper, was lifted from the travel ban list, Giza Criminal Court stated Thursday.
Diab is facing trial over possessing unlicensed firearms and ammunition in his villa in the 6 October City. He and his son were arrested on Nov. 8, 2015 from their villa upon a warrant of arrest; the police forces found unlicensed ammunition; however, four days later they were released on bail.
Egypt’s Attorney-General Nabil Sadek ordered Nov. 6 that the assets of 18 businesspersons be frozen. They include business tycoon Diab and his wife, Gamal Mubarak’s father-in-law Mahmoud al-Gammal and his wife and minor daughter, and members of other families. Their names were put on the travel ban list.
The defendants have not been ordered detention thus far, but they face several charges including purchasing a large piece of land in 6 October City to construct luxurious “New Giza” compound at a below-market price.
Cairo Criminal Court revoked the earlier decision to freeze all assets, only freezing their control over luxurious compound, Youm7 reported on Nov. 11, 2015.