Sainsbury's boss Mike Coupe acquitted by Egyptian courts

 
Lynsey Barber
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Mike Coupe has been acquitted (Source: Getty)

Sainsbury's boss Mike Coupe has been acquitted by an Egyptian court of all charges in a legal case linked to the supermarket's investment in a business in the country 16-years ago.

The chief of one of Britain's biggest supermarkets was sentenced to two years in prison in April, over allegations of embezzlement after being found guilty in absentia.

In a market update, Sainsbury's said:

"Mike Coupe was today acquitted by an Egyptian court of all charges brought against him as a representative of the company.

This relates to a legal dispute brought against Sainsbury's and Mr Coupe by one individual, Amr el-Nasharty, with whom Sainsbury's entered into a joint venture in 1999."

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