In another shock twist to the ongoing saga of Sainsbury’s messy involvement in Egypt, it’s been revealed that Justin King is the latest to face breach of trust charges in the North African nation.
The former Sainsbury’s CEO was convicted last year and sentenced to three years in jail, claims the Times (£), and although the conviction was overturned it is understood the Egyptians are appealing the acquittal.
The news comes after yesterday’s revelation that current Sainsbury’s CEO Mike Coupe had been sentenced to two years in jail, with the owner of the company Sainsbury’s sold its shares in the venture to, Amr el-Nasharty, alleging that Coupe tried to seize cheques relating to the bankruptcy of to Egyptian Distribution Group (Edge). Coupe vehemently denies the accusations.
Speaking to the Times, a Sainsbury’s spokesperson said: “Like Mike, Justin King did not work for Sainsbury’s at the time of the business deal that resulted in these allegations. Each of these cases have been unsuccessful or dismissed on appeal by the Egyptian courts.
“We have been given no reasoning as to why and on what grounds the public prosecutor has decided to challenge Justin’s acquittal.”