Anti-Corruption Commission orders pre-judgment attachment of JPMC ex-chairman's assets

Home Jordan News Anti-Corruption Commission orders pre-judgment attachment of JPMC ex-chairman's assets 30-12-2012 12:00 AM Ammon News - Amman, (Petra) Anti-Corruption Commission prosecutors on Saturday ordered pre-judgment attachment of all movable and immovable assets of former board chairman of the Jordan Phosphate Mines Company (JPMC), Walid al-Kurdi, after investigations revealed a 40-million-dollar corruption scam. Investigations revealed that after Al-Kurdi took the board chairmanship, the company signed a number of sea shipping contracts with foreign companies at unfair prices compared to market prices and decided not to seal any contracts with the Jordan International Chartering Company, which the JPMC already owns 30 percent of its shares. Witnesses testimonies and scrutiny of contracts and other documents showed that in 2010, the company signed an agreement to ship 250,000 tons of phosphate to Turkey with the Aqaba Development & Maritime Services Company (ADAMS) owned by Al-Kurdi and his relatives. Moreover, investigations also revealed that ADAMS secured 70 percent of marine shipping of the company's exports through the Aqaba port. //Petra// AA

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Anti-Corruption Commission orders pre-judgment attachment of JPMC ex-chairman's assets

30-12-2012 12:00 AM

Ammon News - Amman, (Petra) Anti-Corruption Commission prosecutors on Saturday ordered pre-judgment attachment of all movable and immovable assets of former board chairman of the Jordan Phosphate Mines Company (JPMC), Walid al-Kurdi, after investigations revealed a 40-million-dollar corruption scam.

Investigations revealed that after Al-Kurdi took the board chairmanship, the company signed a number of sea shipping contracts with foreign companies at unfair prices compared to market prices and decided not to seal any contracts with the Jordan International Chartering Company, which the JPMC already owns 30 percent of its shares.

Witnesses testimonies and scrutiny of contracts and other documents showed that in 2010, the company signed an agreement to ship 250,000 tons of phosphate to Turkey with the Aqaba Development & Maritime Services Company (ADAMS) owned by Al-Kurdi and his relatives. Moreover, investigations also revealed that ADAMS secured 70 percent of marine shipping of the company's exports through the Aqaba port.

//Petra// AA

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