International school involved in fraud in Egypt

An investigation in Egypt uncovered that an international school received funding totaling nearly 319 million Egyptian pounds, using the names of hundreds of parents without their knowledge. The probe revealed that the school requested consumer financing under the parents' names, but some were unaware, resulting in debts being registered against them unknowingly. Their credit records were also affected, and these obligations are scheduled to be removed from their credit reports. The investigation is ongoing to determine who is responsible. A total of 839 contracts were involved, with the funding distributed to 619 clients, including multiple cases where the same parents had more than one contract.

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