Funds Of 21 Local, Arab Investors Frozen In Egypt Over AWB Case

Egypt’s prosecutor general Talaat Abdullah has issued late Sunday travel ban and assets freeze decrees against 21 businessmen; 5 Saudis and 2 Emiratis alongside a number of officials and employees from the Al Watany Bank of Egypt and in the Egyptian Exchange amid the accusations of involvement in stock manipulation case.

The names of the 21 businessmen include EFG-Hermes Chief Executives Hassan Heikal and Yasser El-Mallawany, the AWB Chairman Ayman Sulaiman, Owner of City Stars Complex in Cairo Abdul Rahman Al Sharbatly, Hisham El-Sewedy, besides some of the largest retail investors in the EGX.