Interior Ministry discloses laundering of 150 million pounds
The Ministry of Interior announced the thwarting of a money laundering operation amounting to 150 million Egyptian pounds, derived from scam and fraud activities targeting citizens in the fields of real estate investment and land reclamation. Two individuals, one of whom holds the nationality of another country, established companies and purchased properties and vehicles to conceal the source of the funds and legitimize them. Legal measures have been taken against the suspects as part of the Ministry of Interior’s efforts to combat money laundering and monitor assets resulting from criminal activities.
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