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Syrian government freezes assets of Assad cousin

The move to seize the assets of the businessman is the latest in a dispute that began to heat up late last year.

A woman watches the Facebook video of Syrian businessman Rami Makhlouf on her mobile in Syria's capital Damascus, on May 11, 2020. - Syria's top tycoon publicly airing his grievances has revealed a power struggle within the ruling family as it tries to cement its power after nine years of war, analysts say. After years of staying out of the limelight, business magnate Rami Makhlouf this month in two videos on Facebook laid bare his struggles with the regime headed by his first cousin President Bashar al-Ass
A woman watches the Facebook video of Syrian businessman Rami Makhlouf on her mobile in Syria's capital, Damascus, on May 11, 2020. — AFP via Getty Images

The Syrian government ordered the assets of President Bashar al-Assad’s cousin, Rami Makhlouf, to be frozen in the latest episode of the regime’s attempt to isolate the business magnate.

A Syrian Finance Ministry document posted online ordered a “precautionary hold” on Makhlouf’s assets, as well as those of his immediate family.

The document justified the seizure as a “guarantee of repayment” of taxes allegedly owed by Syria’s largest telecommunications company, Syriatel, which Makhlouf owns.

Makhlouf went public with the dispute over the past few weeks in a series of videos posted online, refusing to step down as head of Syriatel and appealing to Assad directly. Makhlouf said in his latest video Sunday that some of Syriatel’s employees had been arrested and he was unable to contact them.

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