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Wednesday, 30 May 2018

ACA arrests Food Industries Holding Company head, Supply Ministry officials on charges of graft

Corruption watchdog arrests Food Industries Holding Company head, Supply Ministry officials in graft probe: The Administrative Control Authority (ACA) arrested yesterday the chairman of the state-owned Food Industries Holding Company and three Supply Ministry officials on charges of corruption and graft, MENA reported, according to Reuters. The four are accused of taking bribes of some EGP 2 mn from unnamed commodities trading firms in exchange for “facilitating ‘purchase orders’ and ‘payment of dues,’” the newswire says. “The arrests are the latest shake-up in the market, which has faced supply disruptions, trader boycotts and allegations of smuggling and fraud in the past few years,” Salma El Wardany writes for Bloomberg.

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