21 Hrs
Source:
الخليج
Sisi reviews parent loan case at Global Paradigm
Egyptian President Abdel Fattah El Sissi referred the case of "Global Paradigm" International School to an investigation after it was discovered that parents' data was used to obtain loans and credit facilities without their knowledge. An examination of 839 contracts totaling 321 million Egyptian pounds was conducted. The investigation revealed that the school's chairman had contracted with a financing company by using images of ID cards and signatures attributed to parents without their permission, resulting in negative credit impacts on them. The Public Prosecution continues its investigations to apprehend those responsible, and Sissi has directed to review all similar cases and tighten oversight on financing companies to prevent such incidents from recurring.
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