The Prosecutor General referred eight individuals, including three policemen, to criminal court over charges of running a currency smuggling ring, according to Ahram Online. Two fugitives, including the owner of a currency exchange company and a businessman, smuggled EGP 2 bn-worth of foreign cash into the country over time by bribing the three policemen at the airport, the State Security’s investigation revealed.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…