Sharia Seizes 80% of Hamsho's Funds
Syrian President Ahmad al-Shar`a revealed that authorities have seized approximately 80% of businessman Mohamed Hammsho's funds, leaving a portion untouched due to lack of evidence of involvement in illegal activities. He explained that this step is part of an effort to preserve the companies employing around 40,000 people, aiming to prevent harm to the economy and jobs. He also confirmed that the financial measures against Hammsho do not exempt him from legal accountability in other cases, and any proven violations will be referred to the judiciary. Hammsho is considered one of the most prominent Syrian businessmen; he has previously been accused of illegitimate sources of wealth, and he surrendered about 80% of his commercial assets—estimated to be over $640 million—to the Syrian authorities in 2025.
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