The management of the Islamic Call Society exclusively told our source that FI HOLDING, a company wholly owned by the Society, had remained outside its control for many years after allegedly being taken over by former board member Ali Salem Al-Sallabi without legal authority. According to the Society, regulatory and judicial authorities had no information regarding the company’s financial or administrative status, and it alleged that the company may have been used in suspicious financial activities.
The Society further stated that, during an investigation conducted by the Egyptian Public Prosecution following the incident involving the Taiba Farm, a subsidiary of FI HOLDING, Al-Sallabi reportedly claimed that the farm was his private property despite its ownership by the company. It added that the investigation records had been referred to the relevant regulatory and judicial authorities.
The Society also announced that it had reconstituted the Board of Directors of FI HOLDING and referred two former board members, Mohammed Al-Khouja and Omar Bin Saidan, to an internal administrative investigation. According to the Society, neither appeared for questioning, and legal action is being taken against them. It further alleged that Al-Sallabi had instructed both individuals to work with the committee headed by Abubakr Al-Trabelsi.
The Society further alleged that Al-Sallabi, Al-Khouja, and Bin Saidan held a meeting with Abubakr Al-Trabelsi at a hotel in Tripoli during the past two days in an attempt to evade the ongoing investigations and regain control of the holding company with Al-Trabelsi’s assistance.
According to the Society, its legal office has launched an investigation into the reasons why FI HOLDING’s revenues were not transferred to the Society over the past several years. It alleged that Al-Sallabi worked with Omar Bin Saidan, Mohammed Al-Khouja, and Khaled Saeed to conceal the company’s financial records in exchange for receiving payments in U.S. dollars.
The Islamic Call Society further alleged that Al-Sallabi made changes to FI HOLDING’s Board of Directors by appointing a chief executive of Asian origin holding Luxembourgish nationality, amended the company’s articles of association, and replaced the commercial registrations of its subsidiary companies without consulting, obtaining approval from, or receiving authorization from the Society as the sole owner.
