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بوابة الشروق
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Financial Control Reassures Public on Oversight
The article addresses the issue of exploiting parents' data to obtain credit facilities valued at 321 million Egyptian pounds by the owner of an international school in New Cairo, without the knowledge or consent of the parents. The General Authority for Financial Supervision confirmed that it monitors companies closely and works to periodically connect non-banking entities with the regulatory systems to ensure their compliance, while taking strict measures against violators. Investigations indicate that the granting company signed 839 contracts in the names of parents using forged data. These facilities included obtaining educational loans without the knowledge of the beneficiaries, as the public prosecution continues its investigations to uncover all the details.
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