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Government shuts down Seoudi, Zad supermarkets - Daily News Egypt

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Government shuts down Seoudi, Zad supermarkets

Chains closed for affiliation with Muslim Brotherhood


Khairat Al-Shater, the business man and the Muslim brotherhood leader opens "Zad" Supermarket in Nasr City. Muslim brotherhood, Islamist, businessman, finance, market (Photo by Mohamed Omar)
Khairat Al-Shater, the business man and the Muslim brotherhood leader while he was opening “Zad” Supermarket in Nasr City in 2012.
(Photo by Mohamed Omar/File Photo)

Police forces shut down Seoudi and Zad supermarket chains Sunday on allegations that they are owned by members of the Muslim Brotherhood. Seoudi supermarkets are owned by the Seoudi family while Zad is owned by the Muslim Brotherhood’s Vice Supreme Guide Khairat El-Shater.

In September, the North Cairo Criminal Court upheld a decision by the prosecutor general to freeze assets of prominent Muslim Brotherhood leaders along with several other Islamist politicians.

In May, state-run MENA reported that a committee tasked with assessing the Brotherhood’s financial value had frozen the assets of 30 Muslim Brotherhood figures, 12 associations controlled by the Brotherhood and several of the companies it owned.

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https://dailynewsegypt.com/2014/06/15/government-shuts-seoudi-zad-supermarkets/
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