21 Hrs
Source:
الخليج
Egyptian school owner jailed over hidden contracts
The Egyptian Public Prosecution has ordered the detention of the Chairman of a school’s Board of Directors after it was discovered that he had conducted 839 financing contracts totaling approximately 321 million Egyptian pounds in the names of about 600 parents without their knowledge. This was done through contract agreements with a financing company using forged data and signatures. It was found that the parents had neither submitted applications nor approved these facilities, which resulted in negative credit impacts on their records. The Public Prosecution is currently investigating the case, which involves evidence of forged signatures and document forgery. Meanwhile, regulatory and administrative authorities are working to recover the rights of those affected and to correct the financial situations related to the incident.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)