May 17, 2020 / 10:13 AM / 13 days ago

Syrian tycoon says will refuse government demand to step down from mobile operator

AMMAN, May 17 (Reuters) - Syrian tycoon Rami Makhlouf said on Sunday that authorities had set a deadline for him to resign from the country’s leading mobile operator Syriatel or it would revoke the company’s licence, but that he would not step down.

In a video, the third the businessmen has issued bringing into the open a deep rift with his cousin President Bashar al Assad, Makhlouf also said the collapse of Syriatel, a main revenue earner for the government, would deal a “catastrophic” blow to the economy.

Reporting by Suleiman Al-Khalidi; Editing by Catherine Evans

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