Akhbar El-Youm officials banned from travel
Ahram Online, Sunday 18 Mar 2012
Travel bans have been handed down to two state media officials and the head of an ads agency pending investigation of corruption and loss of public funds

Three top Egyptian media personalities have been banned from leaving the country due to corruption charges.

Attorney-General Aly Al-Hawary has banned Mohamed Aahdy Fadel, former chairman of the board of directors, and Hany Kamel, advertising manager of Akhbar El-Youm, in addition to Tarek Seyam, owner of an advertising agency, from travel as they are being investigated for squandering public funds.

Akhbar El-Youm is one of the most widely circulated state-owned newspapers in Egypt.

The Public Funds Prosecution has summouned several media officials to testify in the case.

The decision came after Prosecutor-General Abdel Megeed Mahmoud filed a complaint accusing Fadel, Kamel and former head of the Shura Council Safwat Al-Sherif of wasting public funds.

Sherif was also a former information minister and was considered one of the most powerful men in the Mubarak regime. He is currently detained in Tora Prison along with other ex-regime figures.

According to reports, Akhbar El-Youm in cooperation with an advertising agency owned by El-Sherif’s son produced several soap operas that led to a loss of LE7 million.Additionally, Kamel violated contractual regulations for the benefit of the giant advertising agency of Tarek Nour, which resulted in a LE64 million loss to Akhbar El-Youm, in addition to other financial losses.

The complaint added that the officials produced a movie about former president Mubrarak and held two concerts for famous Arab stars that led to the loss of LE80 million.