Case of Stock Exchange Manipulation
One of the most important cases which Dr. Mohamed Hamoda was in charge of defense and plea in was the case of acquiring shares of the Egyptian National Bank, which was known in media as "Case of Stock Exchange Manipulation". Since the accused in this case were principal political figures, including, Alaa Mubarak and Gamal Mubarak, sons of Former President/ Hosni Mubarak, and Mr. Ahmed Naeem Ahmed Badr, managing director of one of the main commercial companies in Egypt, El Naeem Holding. He was accused of being involved in crimes of profiting others through acquiring shares of the National Bank and selling it to a strategic investor. As a result, the accused obtained profits close to EGP one billion. El Naeem Holding company resorted to Dr. Mohamed Hamoda, the famous advocate, after the Supreme State Security Prosecution and the Supreme Public Funds Prosecution considered it responsible for paying compensations and financial penalties that would reach billions of pounds. That would lead to ruining the company if it were bound to pay the compensations and financial penalties. Due to the seriousness of the matter, Dr. Mohamed Hamoda held a number of meetings with key resource specialists in the financial market and operations of acquiring companies and financial incorporations in order to clearly define the accusations stated in the case documents and to what extent El Naeem Holding is liable for payment. Dr. Mohamed Hamoda, also, perused the extent of civil liability that El Naeem Holding was in charge of. After elaborative study, Dr. Mohamed Hamoda decided to accept the task of defending El Naeem Holding to negate its civil liability to pay any compensations or financial penalties. He gave an argument that lasted for days to negate the accusations of profiteering and profiting others and causing damage to public funds, stating the flaws in law concerning terms of acquisition and the relevant parties, as well as the technical and legal deficiency in investigations of the public prosecution. The public opinion still follows the case details waiting for Dr. Mohamed Hamoda's defense and plea in the case for the second time. That is, due to changing Criminal Court Authority after hearing the first plea by Dr. Mohamed Hamoda, who is getting prepared to add new and interesting details concerning accusations against the former president's sons as well as the other accused defendants, and the civil liability of the long-established "El Naeem Holding" company of paying compensations and financial penalties.