EFG-Hermes CEO stopped at airport over riot
Tuesday 07 February 2012
The chief executive of the London-listed Arab investment bank EFG-Hermes has been prevented from leaving Egypt amid allegations that he could have helped to incite the football riot which killed 74 people last week.
An official at Cairo airport said Yasser el-Mallawany was set to fly to Dubai in the United Arab Emirates on Sunday, but authorities barred him from leaving on orders from the country's attorneygeneral.
A justice ministry official told Associated Press that Mr Mallawany and Gamal Omar, a close friend of Gamal Mubarak, the ousted president Hosni Mubarak's son, were being investigated for allegedly paying thugs to attack youths after the football match in Port Said. During the riot last week, 74 people were killed after the home team, al-Masry, was beaten by Cairo's al-Ahly, whose fans – known as the Ultras – were at the forefront of last year's revolution.
EFG has come under the spotlight since last year for its association with Gamal Mubarak, who owns 18 per cent of the investment bank's subsidiary EFG-Hermes Private Equity.
EFG-Hermes has offices around the region and has advised companies including Vodafone, Sainsbury and Heineken.
Mr Mallawany was a member of the policies high committee of Mr Mubarak's National Democratic Party and said his role was to "give ideas regarding the technical issues of finance".
- 1 If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
- 2 Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
- 3 Make your voice heard: Sign The Independent's petition to welcome refugees
- 4 Refugee crisis: Aylan's life was full of fear - in death, he is part of 'humanity washed ashore'
- 5 German police forced to ask public to stop bringing donations for refugees arriving by train
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
Britain to take more refugees as Cameron bows to pressure after more than 100,000 back our campaign
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...
£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...