Cma-cgm: a Corruption Case in Egypt

Free translation of the article published in theThe court presided by judge Ahmad Refaat,
egyptian daily newspaper "Al Wafd" of Septemberaided by judges Yahia Ramadan and Mohammad
28th 2006 regardingthe CMA-CGM caseAssem, in the presence of Mr.Wadih Hanna
Court adjournment to November 9th 2006 forNached, president of the Public Funds Committee,
the debates in the corruption case of theand Mr.Imad Afifi, as secretary, decided to
Damietta Container Company…postpone the debates to November 9th 2006 in
Three of the accused confess to the Courtorder to hear the testimony of the civil party.
(by Assayed al-Kassas)The main accused, Ali Massaad, as well as the
The penal court in Cairo witnessed a last minutewitnesses and the employees have been
rebound in the bribery and corruption case relatedinterrogated by the court.
to the Damietta Container Company, in which theThe court decided the admissibility of Mistral
third, fifth and sixth accused have recognizedholding's petition (CMA's shareholder) for
having committed corruption offences for whichtemporary compensation in the amount of 5001
they have been charged. The main accused AliEgyptian pounds, for the prejudice incurred as a
Ahmad Saad, Chairman of the board of directorsresult of this corruption case. The court also
and official representative of the company, hasrejected CMA's request to reject Mistral holding's
denied any involvement in the matter.petition.