Owner of Egypt dairy giant and son released from prison

January 22nd, 2023

Awake Goy

The founder and former CEO of Egypt's Juhayna Food Industries and his son have been released from prison yesterday, after spending about two years in detention, according to Reuters citing security and prison sources, as well as a family member. Juhayna is the country's largest dairy products and juice producer. In December 2020, Safwan Thabet, 75 was arrested, followed by his son Seif, 41 who took over as CEO, two months later on charges of "funding terrorism, undermining the national economy and joining an unlawful organisation." The pair were accused by authorities of belonging to and financing an unidentified terrorist group, widely presumed to be a reference to the outlawed Muslim Brotherhood. However, the Thabet family have denied any wrongdoing […] Source

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