Dispute between Dr. Hassan Rateb, owner of El-Mehwar Channel and Sinai University with The Officials of Sinai Cement Company
Dr. Hassan Rateb is considered one of the major national businessmen in Egypt and the Arab World, and owner of highest intellect and prestigious satellite channel; El Mehwar Channel. He is also Chairman of Board of Sinai Cement (S.A.E.) and one of the main shareholders in Sinai for White Cement "Portland" (S.A.E.). He had such dispute and conflict being caring for the Egyptian National Security. In wasting hundreds of millions upon knowledge of some board members of both companies, there was a deal to sell shares of Sinai for White Cement to an anonymous foreign company, whose direction and orientations are unknown, and how far this can be threatening to the Egyptian National Security. That is, the company works in Central Sinai region; a strategic region in which military operations against terrorism are managed and controlled. Due to the danger of such incidents, and for Dr. Hassan Rateb to obtain his financial rights in full, Dr. Mohamed Hamoda assigned specialists with high legal expertise, being known for his constant concern to the Egyptian National Security. He, therefore, filed many reports to Mr. Counselor the Public Prosecutor in which he stated the nature of dispute and criminal offences committed; namely causing damage to the Egyptian National Security, manipulating public funds and intentional damage to public funds and forging instruments of shareholding companies. Public Funds Prosecution and Supreme State Security Prosecution are still conducting comprehensive investigations in the crimes stated in those reports.