Egyptian Traders Co head detained in Russia wheat row
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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.


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