Judicial sources said that The Trade and Finance Prosecution yesterday received the report of the Capital Market Authority on Optima Securities and its owners Nabil Boushi and Fikri Badr, who are accused of fraud. The report is 70 pages long and it included the results of the examination of the company documents, its activity, affiliates, employees and owners. It also contained the answer to the question: Are the victims eligible for compensation?
An official said: “Optima Egypt took the money and gave receipts in the name of Global Optima Holding Dubai.” He pointed out that the Capital Market Authority had inspected the company before and did not but normal administrative irregularities, and that the Authority does not reveal fund management cases unless the clients complain. He said the report revealed that the victims are not eligible for compensation from the Non-Commercial Risks Fund, as the receipts were from Optima Dubai and not Optima Egypt, and the Fund only covers the Egyptian market. He said that most victims took back 60% of their money, and that they have been Bushi's clients for more than four years without problems. Judicial sources said the report indicates that the charge would be receiving funds and refraining from paying them back.
