Funds Misappropriation Case of Auto International Group of Companies (Eng. Khaled Nosseir, the Owner of the Group and the Agent of Renault International France)
Eng. Khaled Nosseir is one of the largest businessmen and the owner of a group of largest trade and sell companies in Egypt and the agent of Renault France, the world-known company in addition to owning a group of touring companies. His companies have been subjected to funds misappropriation with millions of pounds by certain senior staff of the group. Eng. Nasser hired Dr. Hamoda to be the person in-charge for revealing the truth of funds misappropriation under his leadership for a group of the most qualified lawyers working in the law firm owned by him to investigate the employees of the group. After completing the investigation processes made by him, Hamoda concluded that there was fraudulent crimes and misappropriation of the funds of joint stock companies. Therefore, he immediately submitted several reports to the supreme prosecution of public funds against the perpetrators of such crimes submitting all documents and investigations which conducted under his supervision and revealed the existing of crimes of fraud and misappropriating of funds of joint stock companies and profiteering before the supreme prosecution of public funds to proceed investigations. Dr. Hamoda was also able to obtain judgments in favor of businessman Khaled Nosseir in the lawsuit filed against him before the economic courts to oblige him to pay millions of pounds to the former executive officer of the group of companies with the effect of dismissing such claims.