Assad’s Cousin Claims ‘War Profiteers’ Sold His Assets With Forged Contracts

SourceAsharq AL-awsat
SectorFinancial Markets
CountryMiddle east

Syria's one-time richest businessman Rami Makhlouf has urged President Bashar Al-Assad, who is also his cousin, to swiftly intervene after “war profiteers” seizing his assets through forgery and deception. In a Sunday post on Facebook, Makhlouf said that security forces affiliated with the regime stormed one of his offices at night and seized vital company documents. “Why, despite all that has been done and mentioned, is not being taken care of by you or by any public entity to which we have addressed an issue of this size involving fraud and fraud that is the largest corruption file that passes through the history of the Syrian Arab Republic and undermines its prestige?”Makhlouf asked in his address to Assad. He complained that his assets have been confiscated by the regime and that his companies and properties were sold with forged contracts, including false power of attorney letters.

He said he no longer owns his home in Syria and the properties of his children have been effectively confiscated. Makhlouf called for “the implementation of the provisions and articles of the constitution that guaranteed and safeguarded private ...read more...