Home Financial Assets Egypt detains suspects linked to Sabri Nakhnoukh case, upholds asset freeze order – Courts & Law – Egypt
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Egypt detains suspects linked to Sabri Nakhnoukh case, upholds asset freeze order – Courts & Law – Egypt

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Egyptian Public Prosecution building

ِA file photo of the Egyptian Public Prosecution building in New Cairo, Cairo.

 

In a separate development, security forces also detained Remon Adly, the brother of Jon Nakhnoukh’s mother, on charges related to alleged involvement in acts of bullying and assault against others.

The suspect has been referred to the competent investigative authorities for questioning, as part of wider inquiries into the case and possible related incidents.

Meanwhile, Egypt’s Criminal Court upheld a decision by the Public Prosecution to freeze the assets of Sabri Nakhnoukh and others, rejecting an appeal against the order during its first hearing session on Tuesday.

Nakhnoukh and several associates were arrested following a financial dispute at a luxury car dealership in New Cairo, which triggered a broader investigation. 

The asset freeze covers Sabri and Jon Nakhnoukh, as well as the husband of a well-known media figure, and includes all movable and immovable property, bank accounts, securities, bonds, safe deposits, electronic wallets, and other financial assets, pending the investigation’s outcome.

However, a judicial source said on Monday that measures were taken to ensure the continued operation of companies linked to the case, stressing that the precautionary actions against any shareholder do not affect the businesses’ operations, employees’ rights, or obligations toward clients and partners.

Authorities had previously notified all real estate registration offices nationwide to enforce the asset freeze order issued by the prosecution, which also includes a travel ban on the defendants.

The Public Prosecution continues to examine multiple accusations against the defendants, while further legal measures remain under review.

Sabri Nakhnoukh’s past criminal record is defined by a major 2013 conviction following a high-profile raid on his Alexandria villa by Egyptian security forces.

In May 2013, the Alexandria Criminal Court sentenced him to life imprisonment of 25 years for the unlicensed possession of firearms, forgery of official documents, and the illegal breeding of dangerous wild animals. He received an additional three-year sentence for the possession of narcotics intended for personal use.

Although Egypt’s highest appellate court, the Court of Cassation, officially rejected his appeal and upheld the 28-year sentence in November 2014, he was prematurely released from prison in May 2018 after receiving a presidential pardon

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