His 18.41-percent stake in the company is worth $60.4 million.
He has been sentenced to nine years in jail by a local court for embezzlement.
Meikles Limited, a conglomerate controlled by Moxon, has sold off The Cape Grace at the V&A Waterfront.
Greubel Forsey, which was founded in 2004, manufactures very complicated timepieces.
The multimillion-dollar losses posted by the Mauritian conglomerate brings its total operating losses since June 2019 to $47.6 million.
Moustafa failed to realize dollarized profits from his position.
Aside from the $6.64-million bond, Sobrinho was subjected to a number of coercive measures.
The proposed deal comes after the Oigara-led group expressed interest in negotiating another acquisition in Tanzania.
Kirubi died last year at the age of 80 following a four-year battle with illness.
Naqla has transported 4.6 million tonnes of goods in over 35 zones in Egypt since its inception over five years ago.
