Verdict on Qandil dismissal, imprisonment case set for 15 January

Verdict on Qandil dismissal, imprisonment case set for 15 January

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Tue, 08/01/2013 - 18:56

The Dokki Misdemeanor Court is scheduled to issue a verdict on 15 January in a case filed against Prime Minister Hesham Qandil demanding his dismissal and imprisonment for not implementing a court ruling.

An administrative court had previously issued a ruling ordering the return of the Tanta Flax and Oils Company to the Egyptian authorities from its Saudi owner Abdallah al-Kahky.

The company has still not been returned to state ownership. In response, Hamdy al-Saeed, the attorney for the company’s workers, filed a lawsuit against Qandil demanding his dismissal and imprisonment.

On 21 September 2011, a court ordered the company’s return to state, saying it was sold to Kahky in 2005 at a below-market price. The company was sold at LE84 million, while its market price was estimated in 1996 at LE211 million.

Edited translation from Al-Masry Al-Youm