Audio By Carbonatix
The Middle East News Agency (MENA) has confirmed the arrests of four Egyptian officials including the Food Industries Holding Company's (FIHC) chairman on grounds they were taking bribes from commodities trading firms.
MENA says the bribes exceeded 2 million Egyptian pounds, which in return included helping in the abetment of “purchase orders” and “payments of dues.” FIHC is an affiliate to Egypt’s Supply Ministry.
The other three arrested include an advisor and a spokesman for the Supply Ministry and a FIHC official, the agency reported.
The General Authority For Supply Commodities (GASC), an agency under the supply ministry, makes over one billion dollars worth of purchases annually to support Egypt's extensive bread subsidy program. Currently, the country is the world’s largest wheat importer.
GASC and the supply ministry were not immediately available for comment.
This story is developing.
Latest Stories
-
US convicts Nigerians and Ghanaians involved in $215 global scam
9 minutes -
Stand by mothers – Sheikh Aremeyaw Shaibu urges fathers to lead by example on Mother’s Day
25 minutes -
They Left for Work, Not for Death: Honouring fallen workers across Canada, Ghana, and the world
45 minutes -
Parliament to approve new asset declaration regime – Mahama
1 hour -
Gov’t has revived collapsing SOEs – Mahama cites TOR, ADB, NIB
1 hour -
Adamus Resources saga: Lands Minister grants two-week reprieve as ministerial committee reviews lease revocation
1 hour -
Ghana handed tough heat as World Relays quest begins in Botswana
2 hours -
Don’t sit aloof when SOEs are mismanaged -Mahama urges TUC
2 hours -
Ghana Music Awards-USA unveils 2026 nominees in Kumasi
2 hours -
Mahama defends Special Prosecutor, says there is space for strong prosecutorial powers
2 hours -
From this year, persons indicted in A-G’s report will be prosecuted – Mahama
2 hours -
OMCs begin fuel price cuts as Star Oil and Goil sell petrol at GH¢13.25
3 hours -
Two dead, 4 arrested as police bust robbery gang in Upper East
3 hours -
We’re finalising new Labour Law to protect every worker in the gig economy and beyond – Mahama
3 hours -
Mali at the Crossroads: Sovereignty without Stability?
3 hours