Egypt’s security forces seize LE1.3 billion in cases of money laundering, bribes and illicit gains

 

CAIRO – 20 September 2020: Egyptian security forces seized a total of 1.3 billion EGP in eight cases of money laundering, bribes, and illicit gains, according to a statement from the Egyptian Ministry of Interior on Saturday, without mentioning over which period of time the cases were reported.

 

The authorities also reported 1671cases of tax evasion and stealing public funds, the statement added.

 

In March 2020, Egypt’s Administrative Control Authority (ACA) arrested a parliament member over requesting and accepting a LE 300,000 ($19,070) bribe from a private real estate company to allow the implementation of one of its projects in the capital, Cairo.

 

The ACA, an authority in charge of probes related to civil servants, said in a statement that MP Gamal Al-Showeikh facilitated procedures for the drilling work of Next Home company, which cost around LE 7.5 million ($477,447) for the aforementioned bribe.

 

President Abdel Fattah al-Sisi has always asserted on applying strict measures within the government institutions to crack down on any violation, especially corruption. He hailed the role played by the ACA on different occasions.

 

In July 2018, the authority arrested the head of the country’s Customs Authority on suspicion of accepting bribes to allow the entry of banned goods into the country.