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Fake Company Owner in Cairo Detained
A resident of Cairo Governorate was involved in establishing an unlicensed company and embezzling citizens’ funds by falsely promoting investment opportunities in hotel units under a shared ownership system. Investigations revealed that the accused used the company to trap investors, and his activity was uncovered after he was found in possession of empty sales contracts and promotional material. The suspect admitted to his criminal activities, and legal measures were taken against him.
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