Egypt court overturns conviction of Sainsbury CEO
An Egyptian court overturned Thursday a jail sentence handed down in absentia against Sainsbury chief executive Mike Coupe in a dispute between the British supermarket chain and a former partner.
Coupe, who was not even employed by J Sainsbury plc at the time of the 2001 dispute, was sentenced in September to two years in prison.
Commenting on the verdict, the company said the conviction was linked to a case brought by Amr el-Nasharty, with whom Sainsbury entered into a joint venture in 1999.
A spokesman said "we have always strongly refuted the legal case... which relates to a historic commercial dispute which has absolutely nothing to do with Mr Coupe."
"Mike was not employed by Sainsbury's at the time of the original dispute in 2001 and has never met the complainant."
© 2015 AFP