Steel tycoon and head of Egypt's former ruling party will have assets frozen

Ahram Online, Saturday 3 Sep 2011

Assets of Ahmed Ezz and family to be frozen by court order

Ahmed Ezz
Head of former ruling National Democratic Party Ahmed Ezz facing trial. (Photo:Reuters)

Cairo’s criminal court has approved on Saturday to freeze the assets Ahmed Ezz, head of the former ruling National Democratic Party, and family as requested by the Illicit Gains Authority.

Ezz stands accused of abusing his previous position to illegally accrue wealth and expand his steel business by monopolising the industry and benefitting from state privatisation projects.

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