Four Egyptians officials have been arrested on suspicion of taking bribes totalling about EGP2m ($ over $1.5 billion ) from commodities trading firms. It said the bribes exceeded 2 million Egyptian pounds ($112,000) and were given to officials in return for help in facilitating “purchase orders” and “payments of dues”, without providing further details. The chairman of the state-controlled FIHC ( Food Industries Holding Company ), an official in his office, a supply ministry adviser and a spokesman from the same ministry have been named but the trading firms have not, although they were described as major FIHC suppliers. The role of the FIHC has recently been reduced in favour of state-controlled grain buyer GASC.
Four Egyptians officials have been arrested on suspicion of taking bribes totalling about EGP2m ($ over $1.5 billion ) from commodities trading firms. The chairman of the state-controlled FIHC ( Food Industries Holding Company ), an official in his office, a supply ministry adviser and a spokesman from the same ministry have been named but the trading firms have not, although they were described as major FIHC suppliers. The role of the FIHC has recently been reduced in favour of state-controlled grain buyer GASC.