Egypt’s stock exchange fails to freeze assets of former officials

The assets of many former officials have not been frozen, said Mohamed Abdel Salam, interim head of Egypt's stock exchange, claiming that Egypt’s attorney general has failed to notify him to freeze their accounts. According to Abdel Salam, the former officials include Safwat al-Sherif, former secretary general of the National Democratic Party; Zakaria Azmy, former chief of presidential staff; and Fathi Sorour, former People’s Assembly speaker.

He said he can freeze assets and accounts only after he receives formal notification from the attorney general. He added that the number of people whose assets and accounts have been frozen exceed 175; this number includes the former president and his family, former officials, businessmen and former ministers.

Assem al-Gohary, assistant minister of justice for the Illicit Gains Office, decided to ban Safwat al-Sherif, Zakaria Azmy, Fathi Sorour and their families from leaving the country until investigations into allegations of corruption are completed.

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