International school owner jailed over 322m pounds suoerformance
The Egyptian Public Prosecutor's Office has revealed details of the investigation into a case where a number of parents obtained credit facilities amounting to 322 million Egyptian pounds in their names without their knowledge or consent, using stolen images of their ID cards and forged signatures. It was found that the chairman of an international school in New Cairo contracted with a financing company to secure these facilities based on forged documents and data, and the procedures were completed without the parents' knowledge or approval. The representative of the company that provided the financing admitted that the credit facilities were obtained using forged papers. The Prosecution confirmed that the accused was charged with fraud and has been placed in pretrial detention, as investigations continue.
Notice: This Is an AI-Generated Summary
Comments (0)