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MB MPs: The big fish benefited from the sale of factories
MB MPs: The big fish benefited from the sale of factories
The members of the Manpower Committee in the Parliament launched a severe attack on the privatization system stressing that it permitted the "big fish" to benefit from the purchase of public companies and factories for very cheap prices.
Wednesday, January 6,2010 01:54
IkhwanWeb

The members of the Manpower Committee in the Parliament launched a severe attack on the privatization system stressing that it permitted the "big fish" to benefit from the purchase of public companies and factories for very cheap prices. After sealing factories the purchasers dismiss employees and sell the companies  at high prices with substantial gains.

 

MP Mostafa Mohamed Mostafa, member of the MB Parliamentary bloc, stressed that it is the fault of the government not the investors since the government did not take any action to hold perpetrators accountable.

 

MB MP Saber Abul Fotouh added that the companies deliberately paid employees very high salaries in order to bankrupt the companies which  are ultimately sold.

 

Sabri Khalaf Allah, MB MP, explained that if these problems are recurrent in the companies which are privatized then there should be a general policy set to regulate these situations, adding that accountability is very important to avoid the recurrence of these problems.

 

Ali Fath Al-Bab called for the convening of a meeting with the competent ministers to consider this phenomenon, pointing out that selling contracts has many defects. He asserted that “these companies are in fact profitable; however there is a destructive plan being applied to offer the owner only one option and that is selling”. He called for imposing custody on companies with all its properties.

 

This came during the discussing of the request for information submitted by Mustafa Bakry on the condition of the TV Equipments Company.  He accused the company's administration of corruption as a plan for its selling; pointing out that employees in the company hadn’t received their salaries for three months. He called for the change of the administration which only seeks the selling of the land and also demanded the intervention of the State to put an end to the wasting of public funds, especially since the contract gives him the right to international arbitration, similar to the case of Wagih Seyag.

 

MP Ahmed Abu Heggi stated that "there is a conspiracy against the public sectors companies by a group of thieves".  Pointing out  that the failure of implementing a privatization policy is responsible.

 

tags: MB MPs / Parliament / Factories / MB Parliamentary Bloc / Investors
Posted in Parliament News  
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