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'My family is targeted by Brotherhood': Egypt business tycoon Naguib Sawiris
In an interview on Tuesday, Naguib Sawiris claims Egypt's Muslim Brotherhood is targeting his family and criticises the current government of 'distorting the legal system'
Ahram Online, Wednesday 6 Mar 2013
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Egyptian businessman Naguib Sawiris
Egyptian businessman Naguib Sawiris (Photo: Reuters)

Naguib Sawiris, Egypt's second richest man, currently residing in London, revealed on Tuesday he had 'no choice' but to leave Egypt because of the way the Muslim Brotherhood, the group which President Mohamed Morsi hails from, is running the country.

In an interview on the Egyptian private television channel, Dream TV, Sawiris, was very frank in voicing his worries about his and his family's business prospects under a 'Brotherhood-ruled Egypt.'

"I'd rather live in Egypt, but I have no choice other than to leave," the 57-year-old billionaire explained.  "We are one of the biggest business families in Egypt... but we are being deliberately attacked [by the political leadership]."

"In the President's speech, he singled us [the Sawiris family] out, and said we owe taxes," he told his interviewer. "What taxes? They filed a case against us that is completely false," he said, referring to a speech President Morsi gave on 6 October 2012.

Out of his two billionaire brothers and father, Naguib is the only one who is involved in politics. He vocally supported the uprising against former President Hosni Mubarak in 2011 and later founded the Free Egyptians Party.

A very vocal critic of the Islamist political movement in general and the Muslim Brotherhood in specific, Sawiris was subject to fierce campaigns against him and calls to boycott Mobinil, a mobile carrier that he founded.

"What's happening now in Egypt resembles Mussolini's rise to power in fascist Italy," he said, asserting that the Muslim Brotherhood is attempting to take full control of the Egyptian state.

Nassef and Onsi Sawiris, Naguib's younger brother and father, were slapped with a travel ban earlier this week for allegedly evading taxes in a 2007 sale deal of a cement venture owned by Orascom Construction Industries (OCI) which they head.

Naguib explained that his brother and father see that they were targeted because of his involvement in Egypt's politics.

"My family blames me for being outspoken against the Brotherhood," the Telecoms giant added.

Critical of what he described as the 'Brotherhood distorting the legal system in Egypt,' Sawiris claimed the Brotherhood is using the judiciary to target their political rivals.

"It is happening in a systematic way; all the [corruption] cases coming out now can be traced back to [targeting] the opposition...or seeking revenge from the past [regime]," Sawiris added.

Such an environment, the controversial businessman explained, is very repellent to investment. "Who would come invest here and face the possibility of going to jail?"

Sawiris also referred to many cases filed against businessmen for buying land from the government at allegedly low prices. "They say [investors] took the land at cheap prices; but it was the government which set the price," Sawiris said.

When speaking about news that floated about possibly liquidating his assets in Egypt and transferring his business abroad, Sawiris asserted, "I did not sell my assets in Egypt and will never; I have always had businesses abroad. I will never liquidate my assets in Egypt." 





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4



M.S
07-03-2013 04:06pm
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4+
Is it rough enough?
Men who play rough and tough do not cry. He made his dough through the old regime, did his best to avert the MB away, by supporting Shafiq. His media outlets are constantly ranting against Morsi from his 0 hours in office. Please spare us the tears. If he really cares for social justices, he would have developed a good well effort toward egypt economic problems, instead of paying thugs against Morsi.
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Ali
09-03-2013 07:45pm
4-
1+
it began with his father
His father used to make dirty deals with Gaddafi. The evidence is there. He is not a medici(important italian family that financed art and science). As usual. Everything is corrupt and fake in arab countries. No more hopefully.
3



Sami
07-03-2013 07:27am
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8+
Being a Copt puts him more at a disadvantage with the Muslim Brotherhood
Being a Copt puts him more at a disadvantage with the Muslim Brotherhood.
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2



M.S
07-03-2013 02:41am
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2+
Aiz 2
Swiris will follow Boutours Gali foot steps. He made his money in the dark and wants to run. I see Aiz 2 plot. Mubarak's cronies are flying away with the poor people's money.
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Karim
06-03-2013 06:28pm
16-
52+
It is only the beggining!
They will take all profit business in gods name. They will put every who will resist in jail. And sometime later the oldest regime will seems as a great time. Be afraid of people who use religion and poor people to monopolise the state! But i am sure egyptian will raise their heads in the last and most important battle in the modern history.
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Sami
07-03-2013 07:28am
3-
7+
Nasser did the same thing so what's new?
Nasser did the same thing so what's new?

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