Ahmed Ezz (businessman)

Ahmed Ezz
أحمد عز
Personal details
Born (1959-01-12) 12 January 1959
Egypt Cairo, Egypt
Political party National Democratic Party

Ahmed Ezz (born in 1959) is an Egyptian businessman and one-time politician, the owner of Ezz Steel and the former chairman of Egypt's national assembly's budget committee.[1] He is also a former senior member of the ruling National Democratic Party of Egypt (NDP) .

Life and career

Ahmed Ezz was born to Muslim parents. In 1959, Ezz graduated from Cairo University with a degree in Civil Engineering.[2] He has been elected twice as the head of the Arab Iron and Steel Union. Prior to his work in organized labor, Ezz was a parliamentary member representing the districts of Sadat-Monouf-Sers al-Liyan in Monofuyia from the year 2000 to 2011, and also the Chairman of the Planning and Budgeting Committee of the People's Assembly of Egypt as a member of the National Democratic Party. (According to Al Jazeera, he resigned from the NDP on 29 January 2011.)

Prior to the revolution, opposition parties, other parliamentarians, and groups accused Ezz of monopolizing the steel industry in Egypt by holding more than 60 percent of the market share, describing it as an act that is backed up by the government, an act that was described by the active parliamentarian Aboul Ezz Al Hariri as "enhancing the proliferation of monopolies rather than fighting them". The groups mentioned are even blaming him of increasing the steel prices of as much as 70 percent. In response Ezz has told reporters that a competition law "would at least provide a legal framework preventing everyone from making accusations".

Ezz companies were investigated twice for monopoly by the Egyptian Competition Authority, both before and after the January 2011 Revolution. The companies were found "not guilty" of any monopolistic or anti-competition actions both times. Ahmed Ezz was also prosecuted for the same charge and found not guilty by the Egyptian Economic Court in July 2013.

Ezz was planning on running in the 2015 Egyptian parliamentary election as an independent in the Sadat City constituency,[3] though he lost his appeal after he was disqualified from running.[4] Another appeal was adjourned until 22 April 2015.[5]

Arrest and conviction

After the resignation of Hosni Mubarak due to the 2011 Egyptian revolution, on 17 February 2011 Ahmed Ezz was arrested, along with former interior minister Habib el-Adly, former minister of housing Ahmed Maghrabi and former tourism minister Zuheir Garana.[6] News of the arrests spread quickly in the local Egyptian press. As a result, many fear that Ahmed Ezz will not receive a fair trial under a 1981 provision of Egyptian emergency law. Amr Bargisi, a senior partner with the Egyptian Union of Liberal Youth, told the Washington Times "I am afraid the divorce of wealth from power will probably not only lead to the unfair treatment of many businessmen and former politicians, but might also take Egypt in a direction that will be devastating for the economy and the prospects of democracy. Every businessman at the moment is a suspect of the revolutionary regime and the public. If this trend continues, we will see major capital flight from Egypt."[1] Joe Stork, the deputy director of Human Rights Watch's Middle East and North Africa division, told the Washington Times of Mr. Ezz: "Certainly he, like anyone else, has his right to a fair trial. The judicial proceedings he is subjected to should meet fair-trial standards; he should know the accusations against him; he should be able to confront those who are accusing him."[7]

In an 11 March letter from prison that was published on the Bikyamas website, Mr. Ezz refuted the charges against him and warned that "In this unprecedented time for the country, it is important to remember what our youth are calling for: freedom, fairness and democracy. My hope is that this commitment to a bright future for Egypt is not undermined at its first hurdle through a desire to find scapegoats. I truly hope I can at least depend on a full representation of the facts, due legal process and a fair trial."[7]

On 5 October 2012, Ahmed Ezz was convicted of money laundering and sentenced to seven years in jail – plus a fine of 19.5bn Egyptian pounds (about $3bn; £2bn).[8] This sentence was later appealed by Ahmed Ezz and he is currently being re-tried for this case.

References

  1. 1 2
  2. ↑ Zoominfo
  3. ↑ "Mubarak-era steel tycoon starts electoral campaign in Monufiya". Egypt Independent. 17 February 2015. Retrieved 17 February 2015.
  4. ↑ "Egyptian court dismisses steel tycoon Ahmed Ezz' appeal against elections ban". Ahram Online. 27 February 2015. Retrieved 1 March 2015.
  5. ↑ "Court adjourns Ahmed Ezz's appeal on election ban to 22 April". Daily News Egypt. 16 March 2015. Retrieved 17 March 2015.
  6. ↑ "BBC News - Egypt after Mubarak: Three ex-ministers arrested". Bbc.co.uk. 2011-02-15. Archived from the original on 18 February 2011. Retrieved 2011-02-20.
  7. 1 2
  8. ↑ "Egyptian steel magnate Ahmed Ezz convicted". BBC News. 4 October 2012. Retrieved 4 October 2012.

External links

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