Thursday 31 July 2014

Madinaty case ruling set for Sept 14

Cairo, August 10, 2010

Egypt's High Administrative Court delayed a ruling on the appeal of Talaat Moustafa Group's (TMG) Madinaty land deal case until Sept. 14, the presiding judge said on Tuesday.   

A lower court ruled in June that the New Urban Communities Authority (NUCA), a body under the ministry, broke the law when it sold the land directly to a TMG unit instead of opening it up to bidding, and the contract should be scrapped.

NUCA and TMG appealed the first ruling separately and the court said on August 1 that it would merge the two appeals together. - Reuters

Tags: Egypt | land deal | Talaat Moustafa | Madinaty |

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