Former Trade and Industry Minister Rachid Mohamed Rachid said protesters calling for President Hosni Mubarak's resignation have the ability to achieve change in Egypt. Rachid is currently under investigation and a travel ban has been imposed on him, although the former minister is already outside of Egypt.
General Prosecutor Abdel Meguid Mahmoud issued Friday a decision on Rachid, ordered the freezing of his assets as a precautionary procedure until investigations are concluded.
“Egypt will not be as it was before 25 January, thanks to the youth,” said Rachid in a phone call with Al-Masry Al-Youm
Rachid said he will return from the Emirates once he knows why the prosecutor gave his orders, adding that he also needs an explanation from Egyptian officials as to why he is barred from traveling.
According to Rachid, the authorities are fully informed about the sources of his wealth.
Rachid denied rumors that his wealth is estimated at LE15 billion. “The point of publishing these estimates is to tarnish my reputation,” Rachid said, adding that he has hired a lawyer to monitor rumors spread about him in order to take necessary legal measures.
