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Eastern Company officials to bereferred to the General Prosecutor

Tuesday 05 February 2019 11:41 AM

Eastern Company
Eastern Company

By Yasmen Fawaz & Sherif Omar

House of Representatives' Industry Committee chaired by Eng. Mohmed Farag Amer requested senior officials at the Chemical Industries Holding Co. and Eastern Company to be referred to the General Prosecutor to investigate the failure to protect their respective trademarks, particularily Cleopatra.

Officials at the two state-owned companies wasted billions of Egyptian pounds, according to the committee which asked to question Minister of Business Sector Hisham Tawfiq in the upcoming session.

During yesterday's session, the committee discussed a motion filed by MP Mohmed Fuad about wasting public money at the hands of the Eastern Company through failure to take any legal action against smuggling and manufacturing counterfeit cigerattes.

" The Eastern Company injected up to EGP56bn  taxes in state budget 2017-2018, as smuggling Cleopatra cigarettes incurred losses ranging from EGP3bn to EGP5bn a year," said Fouad.