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Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States

Damietta company case : The series ofinvestigations suspecting that this case went
lawsuits continues in Syria, Lebanon, Egypt,beyond corruption and the diversion of public
France,  England  and  the  United  Statesfunds. The arab and foreign press reported
those facts, among which: The Sunday Express,
Free translation of the article of the syrianLloyds, the Wafd (Egyptian), AL Akhbar
weekly « Al Boursat wal Aswak » of 1 8(Egyptian), Al Joumhouryah (Egyptian), Al
October  regarding  the  CMA-CGM  caseIhtidal (Syrian), Al Kifah al Arabi
(Lebanes), Al Balad (Lebanese) as well as
The series of lawsuits continues in Syria,others...
Lebanon, Egypt, France, England and the
United  States  .Jacques Saade was deeply surprised of Mistral
holding's intervention at the court session
Jacques  Saadé  besieged by the judiciary.of the penal tribunal on September 3rd 2006
which was adjourned to November 11th 2006
Every day reveals a new case on the arab andwhile at the same time keeping in custody the
International level in the long story ofdirector of the Damiette company, engineer
Syrian national Jacques Saade, chairman ofAli Massaad and maintaining the warrant for
the board of directors of the French companythe arrest against the regional manager of
CMA-CGM.CMA-CGM, Nabil Bassil, fugitive, who is
suspected of hiding in Jacques Saade's
The lawsuit of his brother Johnny R.Saade isoffices in Beirut. Despite Jacques Saade's
still under deliberation near the tribunal ofattempts at denying any involvement following
cassation regarding the production near athe  clear  confessions  of  the  accused.
notary public by Jacques Saade and Lebanese
lawyer Choucri El Khoury of a false power ofIt is to be noted that the Egyptian
attorney related to the partition of his solejudiciary, the General Prosecutor for
benefit and to the detriment of his brother,financial matters is waiting for the return
of  a  building  situated  in  Lattakia.of  Jacques  Saade  in  order  to arrest him.
This partition was forbidden by theIt is expected that further developments will
magistrates.occur in the coming days especially that
other similar corruption cases have been
This case became penal near the Investigatingdealt with near the public funds general
Judge in Lattakia and the General Prosecutorprosecutor in Egypt, establishing a new
issued an accusation against Jacques Saadecorruption case involving the Syrian national
and Choucri El Khoury for forgery offence andJacques Saade acting on behalf of the French
the use of official documents. The case iscompany  CMA-CGM  in  Egyptian  ports.
under course near the Higher Council of the
court  of  cassation.A number of lawyers of Jacques Saade are
repeatedly coming to Egypt in order to find
A far as Egypt is concerned, the Egyptian andan unofficial compromise and put pressure on
Lebanese press as well as some televisionthe Egyptian press in order for it to quiet
networks have reported that a major contractdown, and lead to a discreet closing of the
forgery case has broken out between thefile.
French company CMA-CGM signed by Farid Salem,
a close colleague of Jacques Saade, and theThe Alam al Mashaeer newspaper (Egyptian),
Damiette Container Company, a public-sectorclose to the investigation, reported that it
corporation, to the benefit of Jacques Saadewas unlikely that Jacques Saade could be
and Farid Salem who profited from importantinnocent of the crime of corruption given
amounts to the detriment of the Egyptianthat the amount of the bribes is substantial
treasury; in addition ot their committingand could not be undertaken by simple
briberies.employees, especially that Jacques Saade
personally benefited from this deal. It is
Whereas CMA-CGM was forced to return to thehis close relative Farid Salem who signed,on
Egyptian state the sum of 3 million Egyptianbehalf of CMA-VGM, the false contract with
pounds in exchange for allowing Jacques Saadethe  Damiette  company.
and Farid Salem from leaving the Egyptian
territory and lifting of a seizure decisionAs far as France is concerned, it is
against  their  assets  wherever they may be.interesting to note that lawsuits are
starting to encircle Jacques Saade as is
The payment of this amount falls within areported by the French press. A new
compromise aimed at removing the legalinvestigation has been initiated by the
proceedings initiated by the GeneralGeneral Prosecutor in France and two
Prosecutor against them and focus theinvestigative judges have been designed I the
responsibility solely on VMA-CGM employees,matter following a penal petition filed by
who are not the personal beneficiaries ofMistral against Jacques Saade for producing
this  corruption  case.false accounts and under-estimated account
projections in collusion with the company's
However the company Mistral (Holding) s.a.l.,auditors.
CMA-CGM shareholder, has recourse to the
Egyptian judiciary as a civil party with theThe above fits with the illegal transfers to
aim of denouncing the people involved in thisthe benefit of the personal accounts of
corruption case and benefiting from EgyptianJacques Saade through his range of personal
public funds. It is to be noted that suchcompanies such as CMA International and
crimes are subject to the imprisonment andContainer Management advisors, which have
penal  servitude  for  life.been under liquidation with the aim of
concealing those offences; however legal
This case had consequences outside Egypt. Theproceedings have put a halt to the
ministries of Justice and foreign affairs ofliquidation process of those companies.
the United States and Great Britain undertook



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