Egypt freezes assets of media company chairman
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CAIRO - The chairman of two independent Egyptian newspapers, including one of the country's only English-language papers, said on Wednesday that the company's assets were frozen for alleged ties to the outlawed Muslim Brotherhood, a charge he denied.
Mostafa Sakr, chairman of Business News -- the parent company of Al-Borsa, a widely read financial newspaper, and Daily News Egypt, a popular English-language paper -- denied any connection to the organization.
"Our notebooks are open and our assets are clear and they have just one source, our advertisements and subscriptions," Sakr told Reuters.
"We did not receive any explanations or even warnings about this beforehand whatsoever, so we are extremely surprised by this decision," he said.
