Steel tycoon Ahmed Ezz’s parliamentary candidacy application has been rejected by a committee in Egypt's High Elections Committee (HEC) which examined his papers on Monday and decided they were incomplete.
This comes after Ezz's national post office account – where he had deposited his money - was frozen on Friday by decree of the prosecution and the country's elicit gains authority.
Ezz opened the post office account recently after a Cairo criminal court in August ordered the seizure of his funds and prohibited him from opening new accounts at any bank.
The steel tycoon presented his application to the HEC on 10 September despite the Supreme Court upholding a ruling on 8 September to disqualify him from the parliamentary race.
According to Ezz’s solicitor Mohamed Hamouda, the court’s ruling was relevant only to his nomination for the March 2015 elections which were postponed.
His decision to try to run in the upcoming parliamentary elections drew criticism from numerous pro-25 January Revolution political figures and parties, as the 56-year-old is widely believed to have engineered significant fraud during the 2010 parliamentary elections, securing an unprecedented majority for his party in the chamber.