{"id":596733,"date":"2019-07-07T04:43:50","date_gmt":"2019-07-07T04:43:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/acumen-files-egp-20-mn-lawsuit-against-fra-boss-for-reputational-damage\/"},"modified":"2019-07-07T04:43:50","modified_gmt":"2019-07-07T04:43:50","slug":"acumen-files-egp-20-mn-lawsuit-against-fra-boss-for-reputational-damage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/acumen-files-egp-20-mn-lawsuit-against-fra-boss-for-reputational-damage\/","title":{"rendered":"Acumen files EGP 20 mn lawsuit against FRA boss for reputational damage"},"content":{"rendered":"

DISPUTE WATCH- Acumen files EGP 20 mn lawsuit against FRA boss for \u201creputational damage\u201d: <\/b>A Giza court is expected to rule on 30 July on a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) boss Mohamed Omran for reputational damage, the local press reported<\/a>. The company is demanding EGP 20 mn in compensation for harm caused to its reputation as a result of an FRA ban in 2017 that was later overruled, Acumen Chairman Rana Adawi said.<\/p>\n

Background: <\/b>An administrative court last month<\/a> overturned the FRA\u2019s decision to ban Acumen from buying Egypt Gas shares for three months and ordered the regulator to pay EGP 30k in compensation. The FRA had banned Acumen in October 2017 after alleging that Egypt Gas shares had been subject to stock manipulation. Acumen had denied the allegations and challenged the FRA\u2019s decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

DISPUTE WATCH- Acumen files EGP 20 mn lawsuit against FRA boss for \u201creputational damage\u201d: A Giza court is expected to rule on 30 July on a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) boss Mohamed Omran for reputational damage, the local press reported. The company is demanding EGP 20 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[957,72,76,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596733","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"45911181-197f-49e5-a6c0-95c316e4a417","is_powered_by":true,"section_story_id":"eecb0797-2ef7-446a-a233-3e10bee7c1bd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596716],"teaser":"","voice_url":""},"yoast_head":"\nAcumen files EGP 20 mn lawsuit against FRA boss for reputational damage - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/acumen-files-egp-20-mn-lawsuit-against-fra-boss-for-reputational-damage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acumen files EGP 20 mn lawsuit against FRA boss for reputational damage\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- Acumen files EGP 20 mn lawsuit against FRA boss for \u201creputational damage\u201d: A Giza court is expected to rule on 30 July on a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) boss Mohamed Omran for reputational damage, the local press reported. 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The court is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562643,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/","url_meta":{"origin":596733,"position":2},"title":"Acumen v Omran wraps","author":"enterpriseam admin","date":"1 June 2021","format":false,"excerpt":"Acumen just lost its appeal in its lawsuit against the FRA\u2019s Omran: Acumen Holding won\u2019t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, Al Mal reports. 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