Global Paradigm school scandal in Egypt
The General Authority for Financial Supervisory Regulation in Egypt has announced the launch of an extensive investigation into the incident involving the Global Paradigm School’s misuse of parents' data to secure consumer loans totaling approximately 319 million Egyptian pounds, which were obtained from a financing company without their knowledge. The stolen funds were then used by teachers and school administrators, with the money transferred directly to the school itself. Authorities have arrested the school owner, who has admitted to the misconduct, and legal proceedings have been initiated to punish him. Efforts are also underway to settle the debts and ensure justice for the affected parents.
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