A Syrian citizen accused in a case of trading in foreign currency revealed details of a major conspiracy to trade in currency, led by a Saudi citizen in Egypt.
And the investigation authorities ordered to quickly seize and bring a Saudi national and 7 others in the case of illegal trade in foreign exchange and money transfer outside the country, where the first accused, a Syrian national, owner of a company, confessed before the investigation authorities to assigning a driver to receive a sum of money amounting to 2 million and 650 thousand Egyptian pounds to transfer The equivalent in foreign currency outside the country.
The first defendant added that Ibrahim Atta, the company driver, assists him in that sinful activity, as he is assigned to receive money from the national currency from merchants and importers wishing to transfer their money abroad through the clearing system to complete their deals.
He added that he, in partnership with Muhammad Rashad, Hassan Al-Qasrawi, and Mutasim Abdullah, residing in the State of Kuwait, collected the savings of workers in the State of Kuwait who wished to transfer their money to their families inside the country outside the scope of the banking market and transferred it to the benefit of merchants and importers outside the country, as it was agreed to transfer the equivalent of the amount referred to. To the State of Lebanon in favor of the officials of Azadea Egypt, and that in light of that, he received an assignment from Muhammad Haridy to hand over the aforementioned amount to the person named Imad Ahmed, and accordingly the accused and the seizures were seized.
Investigations revealed that the sums of money, which consisted of 21,000 Egyptian pounds, 7,830 US dollars, 18,000 Saudi riyals, and 3,450 Turkish liras, had been seized in the administration’s treasury, pending the disposal of the Public Prosecution.
The beginning came with the arrest of a Syrian citizen, a factory owner, and others, in order to seize sums of money from his dealings in foreign exchange and transferring money to and from the country outside the scope of the banking market.
Confronting him, he admitted his activity in the field of illegal trade in foreign exchange and transferring money to and from the country outside the scope of the banking market, and that the sums of money seized were in his possession the proceeds of his activity and the mobile phone he used to communicate with his clients.
The General Administration for Combating Illicit Trafficking Crimes succeeded in apprehending the Syrian citizen and 4 others in the case of illegal trade in foreign exchange and money transfer outside the country, and it also ordered the speedy arrest of another Saudi citizen.
Source: Egyptian media
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