Former Egyptian PM hit by travel ban

Ahram Online, Wednesday 13 Apr 2011

Disputed Facebook page suggests Atef ‎Ebeid must stay in Egypt, but official spokesman denies Citadel Capital chairman travel ban

Atef Ebeid

The Prosecutor-General has announced on its Facebook page that former Egyptian Prime Minister Atef ‎Ebeid is banned from leaving ‎Egypt following indictments against hum for illicit profiteering. ‎

Ebeid, who served as PM between 1999 and 2004, is accused of  accumulating illegal profits and “stealing public money”. ‎

The page said that Ebeid had "made many decisions to privatise several successful companies in Egypt, selling ‎them for little money, including the Helwan Portland Cement Company." ‎

‎The intial statement said Ahmed Heikal, chairman and founder of Citadel Capital private equity, was also banned from travel due to investigations into his involvement in the sale of Helwan Portland Cement.

However a later statement from a spokesman for the Prosecutor-General said there was no truth to the claim that Heikal faces a travel ban.

Short link: