Back to the complete issue
Tuesday, 30 August 2016

House shines spotlight on Agriculture Ministry’s role in wheat scandal, Businessman implicated in scandal released on bail

House shines spotlight on Agriculture Ministry’s role in wheat corruption: House Speaker Ali Abdel Aal referred the House investigative committee’s report on the wheat scandal to Prosecutor General’s office yesterday. The news came as MPs turned their guns away from the Supply Ministry and toward a new target: The Agriculture Ministry. The wheat committee’s report, which was discussed on Monday in Parliament, had concluded that faulty methods in tallying agricultural land slated for domestic wheat harvest played a major role in the fraud, Al Borsa reports. Sources from the ministry tell the newspaper that the tally of potential wheat yields is frequently wrong. Hacking of the supply smart cards has cost the state EGP 1 bn, some MPs declared at the hearing, which expanded its scope to cover the entire bread subsidies system, Al Borsa reports.

Meanwhile, one silo owner was released on bail in wheat corruption case: Rafaat Nossair, remains a criminal defendant in the state’s investigation of allegations the government was defrauded in this year’s wheat harvest, was released on Monday after posting bail of EGP 500k and after returning EGP 77 mn in what prosecutors allege were state funds, Ahram Online reported citing Al Ahram. The detention of another private silo owner has been extended by 15 days by the prosecutor.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.