Egypt Millionaires ‘Sacrificed’ as Army Tightens Grip
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Egypt’s uprising may ring the political death knell for a group of millionaires who helped shape the government during the past six years and now find themselves under investigation.
Ahmed El Maghraby, a property developer and hotelier, and Ahmed Ezz, chairman of Ezz Steel, Egypt’s biggest producer of the metal, were among the businessmen ousted from cabinet and ruling party positions after President Hosni Mubarak turned to former military men for top posts as he clings to power.