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Tuesday, 18 May 2021

Last Night’s Talk Shows: Ashraf Al Saad’s trip down Financial Wrongdoing Lane

It was another relatively quiet night on the airwaves last night, save for Ashraf Al Saad’s sitdown with Ala Mas’oleety’s Ahmed Moussa to recount his tale.

A throwback to when Islamist pyramid schemes were a thing: Fleeing Egypt to London when faced with charges of financial wrongdoing was “the biggest mistake of his life” because he was proven innocent, claimed Al Saad, whose name is typically mentioned with Al Rayyan and El Sherif as among the highest-profile Islamist Ponzi schemes of the 1980s. He denied having committed fraud and said that his company, Al Saad Investment Group, never failed to repay investors. He did admit that he exploited the Islamist finance wave in Egypt in the 1980s and 1990s to attract money to his company (watch, runtime: 13:24). Al Saad still has assets in Egypt that he’s looking to recover, but expects it will be a lengthy process to prove his rightful ownership (watch, runtime: 11:11).

ALSO ON THE AIRWAVES- The first three wounded Palestinians from Gaza, including a five-year-old child, arrived at Egypt’s Rafah border crossing yesterday, pending procedures for their admission to North Sinai’s El Arish General Hospital for treatment, Masrawy reports. The Health Ministry has shipped some 65 tonnes of meds and medical equipment to Gaza, in addition to preparing a total of 11 hospitals in North Sinai, Ismailia, and Cairo to treat Palestinians passing through Rafah, according to a statement. Ministry spokesperson Khaled Megahed recapped these measures in a phone-in to Extra News (watch, runtime: 6:35).

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