Egyptian business tycoon Salah Diab released on bail

Ahram Online, Sunday 23 Oct 2011

One of Egypt's most prominent tycoons is released, along with his son and nephew, after being accused of shooting on residents in Manial Sheeha

Arrested Egyptian business tycoon Salah Diab has been released on LE20,000 bail. Diab’s son and nephew, who were detained with him, were also released. The trio are accused of opening fire on residents in Manial Sheeha, a suburb of Cairo.

Manial Sheeha residents were angry because Diab built a wall around his house that was outside the premises of his property. They headed on Saturday to the house and attempted to storm it, which led Diab's men to fire live ammunition on them, injuring 11 in the battle that ensued.

Diab is the owner of the independent Al-Masry Al-Youm newspaper and is also the founder and engineer of PICO Group Companies, the first Egyptian oil services company.

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