In a ceremony that reportedly cost 5 million euros ($5.56 million) in Mykonos, Greece, Karim El Chiaty celebrated his wedding last month to Brazilian supermodel and former Victoria's Secret model Ana Beatriz Barros. Karim is the son of businessman Hamid El Chiaty, owner of Travco Group for Tourism and a fugitive from Egypt to Greece in the wake of the January 25 Revolution in 2011.
In March 2011, the attorney general froze the assets and funds of Hamid El Chiaty in Egypt following the accusation the month before that he was involved in manipulating the price of the Novotel Luxor Hotel, sold in 2005 by then-Minister of Tourism Ahmed Maghrabi to Chiaty, and the 3 million square meters (740 acres) of northern coastal property that were allocated to El Chiaty Tours.
While Chiaty had announced in a 2013 newspaper interview that he and the state had worked things out, his son’s wedding revived reports about money looted in 2011 and still not returned. The reports pointed to Tunisia as an example of a country that was able in 2012 and 2013 to recover the money it said was looted by ousted President Zine El Abidine Ben Ali’s men in 2011.
Moataz Salah El Din, the head of the "People's Initiative to Recover the Egyptian Looted Money Abroad" and former spokesman for Al-Wafd Party, told Al-Monitor, “The recovery of looted funds [from Egypt] has been disrupted for unclear reasons. By simply pursuing cases against [members of the regime of then-President Hosni Mubarak], Egypt managed to freeze the funds of 19 figures in the European Union countries and 31 figures in Switzerland, [and] the total frozen funds have reached up to $1.3 billion.”
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