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Egypt prosecutor unfreezes assets of 13 businessmen

May 24 2011 Reuters

CAIRO, May 23 (Reuters) - Egypt's public prosecutor has unfrozen the assets of 13 businessmen on a list of people barred from trading because of graft investigations launched after the fall of Hosni Mubarak, the Cairo stock exchange said on Monday. The businessmen include Safwan Thabet, chairman of dairy and juice maker Juhayna Food Industries Co and Ahmed Bahgat, who owns two satellite television channels and a big development in the suburbs of Cairo. Soon after Mubarak was ousted as president in February, Egypt's public prosecutor issued a list of people whose assets, including cash, shares, bonds, real estate and other property, had been frozen pending investigations into corruption. The country's interim rulers are under pressure to show they are taking a tough line against corruption but some investors are concerned the campaign could turn into a witch hunt that will deter even legitimate business operations. (Reporting by Isabel Coles) ((isabel.coles@thomsonreuters.com;

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