1 Day
Source:
صدى البلد
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Prosecutors detain international school chairman over fraud
The Public Prosecution received reports from parents at an international school in New Cairo, indicating that loans and credit facilities were registered in their names without their knowledge or approval. It was found that the school's chairman had contracted with a financing company by using copies of their IDs and their signatures, resulting in the signing of 839 contracts valued at 321 million Egyptian pounds on behalf of the parents without their consent. Despite not requesting or authorizing this, it had credit implications on them. The defendant was interrogated, placed in pretrial detention, and investigations are ongoing.
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