Adds particulars CAIRO, Dec 2 (Reuters) - Egypt's Juhayna M
Adds particulars
CAIRO, Dec 2 (Reuters) – Egypt’s Juhayna Meals Industries JUFO.CA chairman Safwan Thabet was arrested on Monday pending an investigation, the corporate stated on Wednesday.
The explanations behind the arrest had been unknown to the corporate, Egypt’s largest dairy merchandise and juices producer, stated in assertion to the bourse, which earlier suspended its shares. Juhayna will maintain an emergency board assembly however proceed to function usually, the agency added.
Two safety sources informed Reuters that Thabet had been arrested for alleged “monetary irregularities”. An organization consultant and the inside ministry couldn’t be instantly reached for remark.
(Reporting by Ehab Farouk and Nadine Awadalla, Writing by Ulf Laessing, Modifying by Louise Heavens)
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