Egyptian Traders Co head detained in Russia wheat row
hr01 hr02
Ads
Business in Africa
 
 

 

 

Email this article Print this page
Egyptian Traders Co head detained in Russia wheat row UPDATED 05 Aug 2009 | 06:12  
Egyptian Traders Co head detained in Russia wheat row

CAIRO (Reuters) - The chairman of Egyptian Traders Co said on Wednesday he had been issued with an arrest order in a row over a Russian wheat shipment that was rejected by Egypt and ordered re-exported.

"An arrest order has been issued until the re-export LC (letter of credit) is cashed," Chairman Ashraf El Attal wrote in a brief e-mail sent by Blackberry to Reuters, adding that he would not be able to make further comment from now on.

Egypt suspended grain contracts with Egyptian Traders, a private firm, on June 7 after the prosecutor ordered a Russian wheat cargo re-exported in a row over quality and the authenticity of an import document. Egypt told the firm to repay $9.6 million to Egypt's state grain buyer.

SHARE THIS ARTICLE

Add a Bookmark Google   Post this Story to FaceBook Facebook

No comments have been posted about this Story

COMMENTS ON THIS STORY

Full Name:
E-Mail:
Rating: out of 5
Comment:
Related Articles

TOURISTS VISIT SEVEN-COLOURED EARTHS AT CHAMAREL.

Women prepare corn for sale outside a shop in downtown Nairobi

Egyptian Traders head detained in Russia wheat row

Egyptian farmers husk wheat using a machine in a village near Alexandria

Global stocks, commodities slip; dollar flat

Kwena holds a 5 rand coin minted to commemorate former South African president Mandela's 90th birthday in Johannesburg

A security guard walks past a shipment of copper ready to be delivered in Valparaiso city

Kenyan July core inflation lowest for 5 1/2 years

Zambia's Chambishi agrees cobalt deals with DRC mines

Gold bars are displayed at the headquarters of Mitsubishi Materials Corporation in Tokyo

Keep logged onto www.moneybiz.co.za oremail info@moneybiz.co.za for further information, or perhaps suggest a topic weshould tackle.