Word: landownership
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Dates: during 1990-1999
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...Department of Trade and Industry--at the instigation of al Fayed's chief rival for control of Harrods--began investigating the family. Its report, published in 1990, concluded that the brothers did not hail, as they had claimed, from "an old Egyptian family" with a 100-year history of landownership and shipbuilding. "The image created...of their wealthy Egyptian ancestry was completely bogus," the report said. The government further concluded that the money al Fayed used to purchase Harrods could not have come from an inherited fortune, as he claimed, but was probably put up for al Fayed...
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