Egyptian court upholds jail term for Morsi's PM

By -
An Egyptian court on Monday upheld a one-year prison sentence against former Prime Minister Hisham Kandil, who headed the government of deposed President Mohamed Morsi.
Kandil was sentenced in April before Morsi's July 3 downfall for failing to implement a court ruling to renationalise a textile company sold off by the administration of Hosni Mubarak.
Judge Khaled Hassan said the prison sentence must now be carried out.
Morsi appointed Kandil in July 2012 after the Muslim Brotherhood politician won Egypt's first freely contested presidential election.
Morsi was deposed by the army on July 3 after mass protests against his rule and had been in detention, charged with crimes including inciting the killing of protesters.
The sentence against Kandil related to a 2011 court ruling demanding the government to repurchase textile company Tanta Flax and Oils from a Saudi Arabian investor who bought it in 2005.
Officials in the Kandil government said renationalising state enterprises was not straightforward and the company had been broken up since it was sold to the foreign investor.
Egyptian courts have issued at least 11 rulings since the revolution that toppled Mubarak, ordering the state to reverse deals signed by the former president's administration.
The lawsuits have been brought by activists and lawyers who say companies were sold off too cheaply.
The subsequent rulings plunged a number of foreign companies operating in Egypt into legal limbo, exposing the government to the risk of costly international arbitration that could scare off investment from abroad.

Comments

Post a Comment

Popular posts from this blog

UBTH @50: Obaseki hails institution’s role in strengthening Edo healthcare

By -
Image
(Nigeria) Governor Godwin Obaseki of Edo State, has commended the staff and management of the University of Benin Teaching Hospital, UBTH, for their unwavering commitment, dedication, and hard work in providing high-quality healthcare services to the people of Edo State and Nigeria in the past fifty years. Obaseki, at a dinner organized in honour of the Committee of Chief Medical Directors of Nigeria, at the Government House, Benin City, reassured the government’s continuous partnership and collaboration with the federal government-owned health institution to strengthen the health system and ensure quality health delivery to Edo people. The governor, who was represented by his deputy, Philip Shaibu, reeled out the gains of the government’s reforms in the health sector, commending the medical centre for bolstering the government’s efforts at transforming Edo State into a health hub. He said, "We came into a wilderness where you have to cut a part for yourself and fix it. We held
Read more

NBC has no powers to impose fine on broadcast stations --Court

By -
Image
(Nigeria) The National Broadcasting Commission, NBC, has been restrained by a Federal High Court sitting in Abuja, from imposing fines on broadcast stations in the country. Trial judge in the matter, Justice James Omotosho also set aside the N500,000 fines imposed on March 1, 2019, on each of 45 broadcast stations. The court made the orders in its judgment a suit by the Incorporated Trustees of Media Rights Agenda, MRA, which had sued the NBC. Justice Omotosho held that the NBC, not being a court of law, had no power to impose sanctions as punishment on broadcast stations. The court further held that the Nigeria Broadcasting Code, which gives the commission the power to impose sanction, is in conflict with Section 6 of the Constitution that vested judicial power in the court of law. He said the court would not sit idle and watch a body imposing fine arbitrarily without recourse to the law. He said that the commission did not comply with the law when it sat as a complainant and at
Read more