After fleeing in mid-90s, Egyptian renowned businessman Ashraf El-Saad returns to homeland

After fleeing in mid-90s, Egyptian renowned businessman Ashraf El-Saad returns to homeland

Ashraf El-Saad publishes a photo on his Twitter in the plane while returning from London to Cairo

CAIRO – 6 May 2021: Renowned Egyptian businessman and head of one of the most famous fund investment companies in the nineties returned to Egypt on Wednesday after 26 years of absence in the wake of being charged in the mid-90s of financial exploitation.

Returning from London to Cairo, El-Saad was detained. A security source said his detention is only “procedural” and that he will be released immediately after his acquittal from the filed cases is verified.

Saad, 67, was received by a number of his family members and friends.

On his Twitter account, Saad wrote: “After more than a quarter of a century away from my country -And it was only a physical absence as my soul remained on Egypt all these years- I return again today to Egypt”.

Saad was