Banker referred to court for LE3 million embezzlement

CAIRO - 8 December 2018: A banker at the Central Bank of Egypt (CBE) was referred by the Illegal Earning Agency to Cairo Criminal Court for embezzling LE 3 million ($168,000).

The incident occured in 2010 when Fadya took the money from a safe she was in charge of. The owner of a jewelry shop confessed that the defendant bought from him jewelry worth LE5 million.

The witness admitted that the defendant used to buy jewelry from him and resell them in lower prices so she became indebted. Thus, she embezzled the sum from her workplace.

The defendant said she returned LE174,000 of damaged money, while paid the rest to the witness who returned LE1.4 million after she was arrested in 2010.