3 hours ago
London – “Al-Quds Al-Arabi”: After receiving a warning to seize his money in banks if he did not pay the taxes due on him, the Egyptian artist Mohamed Ramadan has paid the income tax due on his artwork since 2016.
The value of the tax paid by Ramadan amounted to two million and 59 thousand pounds.
The Egyptian artist had sparked controversy a few days ago, when he announced that a bank in Egypt had… save his money, He revealed the details of the call that took place between him and the bank, saying: “I woke up today on a phone from the bank telling me that the state has kept your money. I replied to him, and I told him that I, my money, my house, and the meat of my shoulders belong to my country and the people of my country.”
Information indicated that Muhammad’s financial balances in Egyptian banks were not all seized, but rather on the amount of 6 million pounds only, the value of compensation for the heirs of pilot Ashraf Abu Al-Yusr, in implementation of the judicial ruling issued in their favour.
And the “Art” website said that, contrary to some speculation, the Egyptian judiciary did not seize Mohamed Ramadan’s money due to suspicions related to money laundering, as it was said, and the issue relates only to the correspondence that the court made with the Central Bank of Egypt, which approved the seizure request to compensate the family of the late pilot Ashraf Abu Al-Yusr.
The site pointed out that Ramadan’s large balances are located outside Egypt, and his money is in Cairo, and specifically his bank balances are normal, and do not exceed one hundred thousand US dollars.