BEIRUT: A Syrian court has ordered that Syriatel, owned by prominent businessman Rami Makhlouf, be placed under judicial custody amid a high-profile dispute over arrears, according to a document posted on the court鈥檚 Facebook page.
Makhlouf, the cousin of Syrian President Bashar Assad and one of Syria鈥檚 richest men, had his assets ordered seized over alleged back payments to the country鈥檚 telecoms regulator which it put at 134 billion pounds, or around $77 million at the current exchange rate on the parallel market.
Once at the heart of Assad鈥檚 inner circle, Makhlouf has called the asset seizure illegal and an attempt by the government to take the company from him. The unprecedented public tussle has uncovered a rare rift in Syria鈥檚 ruling elite.
The decision to place Syriatel under judicial custody is to 鈥済uarantee the rights of the public treasury and the rights of the shareholders in the company鈥� the administrative court wrote on Facebook.
Makhlouf has addressed the dispute in three video messages in which he has appealed to Assad himself to help save his firm. In his last appearance, Makhlouf said he had been told to quit as the head of Syriatel.
Last month, a court placed a temporary travel ban on Makhlouf pending settlement of the dispute.