Hussein Salem Seeks Reconciliation, To Give Up Half Of His Assets

The runaway tycoon Hussein Salem has proposed a new initiative for reconciliation with the Egyptian government in which he would give up half of his funds and assets in Egypt and abroad in return for coming home, said his lawyer Tarek Abdel Aziz.

Abdel Aziz further noted that if the Egyptian government approved Hussein Salem’s initiative, the tycoon would then reveal his bank accounts and the amounts of his assets in Egypt and abroad in cooperation with the country’s Central Bank.

“After the reconciliation, If the government finds out any unrevealed assets and funds, they will all be directly owned by the state.” The lawyer added

During an interview with one of the local TV channels, Abdel Aziz stated that the Egyptian tycoon is willing to return home with his family and spend the rest of his life there in peace.

It is worth noting that a Spanish court has recently refused to extradite the fugitive Egyptian tycoon to Egypt.