Egyptian businessman Hussein Salem, 85, dies in Spain
Ahram Online, Tuesday 13 Aug 2019


Egyptian businessman Hussein Salem died on Tuesday in Spain at the age of 85, according to family members.

Salem's niece Suhair El-Sheikh mourned her uncle on Facebook: "My beloved uncle, the kind and affectionate father, businessman Hussein Salem passed away. May Allah have mercy on his soul."

The business tycoon rose to prominence during the 30-year-rule of former president Hosni Mubarak, as he made large real-estate investments in constructing some of the first and biggest hotels in the Red Sea popular resort town of Sharm El-Sheikh.

Salem held a Spanish passport.

He fled the country during the 18-day uprising against Mubarak in 2011.

When Mubarak was ousted in February 2011, Salem faced a number of trials in absentia on charges including money laundering, malfeasance and illicit gains.

He was acquitted following a series of trials, retrials and appeals.

In 2016, he reached a reconciliation deal with the Illicit Gains Authority whereby he paid EGP 5.3 billion to the government to end his legal problems.

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