Prosecutor General Hisham Barakat on Wednesday issued a decree returning four land plots in Sharm el-Sheikh, which were illegally allocated to businessman Hussein Salem, to the state's property.
The four plots, sized around 250,000 square meters and located next to Naama Bay tourist area, were allocated to a number of companies that are owned by the fugitive billionaire.
The prosecution investigations figured out that the allocation inflicted major damage to the public funds and that the companies have violated the allocation terms and conditions.
The decree has nothing to do with any other criminal rulings against Salem as well as settlement agreements between the businessman and the government, said a well-placed official with the prosecution.