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Sunday, 16 October 2016

Prosecutor General dropping charges against Oriental Weavers could be procedural – ECA

“The Prosecutor General not looking into charges of monopoly against Oriental Weavers does not imply its exoneration,” read a statement from the Egyptian Competition Authority quoted in Al Borsa. The prosecutor’s decision not to go forward with charges at this time could be due to procedural concerns, the ECA said. Oriental Weavers declined to comment for Al Borsa’s story beyond noting the prosecutor had dropped the case. The ECA had alleged the carpet manufacturer had engaged in anti-competitive behaviour by reportedly requiring its distributors carry only its good.

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