Public funds conceal 30M pounds in fake entities
The Public Funds Crime Control and Organized Crime Sector announced that four individuals were arrested on suspicion of conducting online scams and frauds against citizens by sending text messages containing malicious links. They created fake pages resembling official government sites to solicit personal and banking information, stole funds from victims' accounts, and used these proceeds to purchase goods from international websites. The estimated amount of money laundered and concealed is approximately 30 million Egyptian pounds, with companies and property purchases used to legitimize these funds. The necessary legal actions have been taken regarding the case.
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