{"id":649936,"date":"2017-03-13T04:11:47","date_gmt":"2017-03-13T04:11:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/"},"modified":"2017-03-13T04:11:47","modified_gmt":"2017-03-13T04:11:47","slug":"aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/","title":{"rendered":"ACA arrests banking official for corruption in granting loans through CBE\u2019s SME lending initiative"},"content":{"rendered":"

Head of SME unit at unnamed bank nabbed by top anti-corruption cops: <\/strong>The Administrative Control Authority (ACA), Egypt\u2019s top anti-corruption agency, has reportedly arrested the head of SME banking at an unnamed bank. The individual was arrested along with an unspecified number of accomplices for allegedly accepting a total of EGP 2 mn in bribes to grant loans on falsified paper under the central bank\u2019s SME lending initiative, Al Shorouk<\/a> reports. The ACA claims borrowers claimed some EGP 25 mn in fraudulently obtained loans from the EGP 200 bn initiative, which offers subsidized interest rates to borrowers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Head of SME unit at unnamed bank nabbed by top anti-corruption cops: The Administrative Control Authority (ACA), Egypt\u2019s top anti-corruption agency, has reportedly arrested the head of SME banking at an unnamed bank. The individual was arrested along with an unspecified number of accomplices for allegedly accepting a total of EGP 2 mn in bribes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649936","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dc8ab061-f275-4569-88bc-2b8ccf386e97","order":"0","is_powered_by":true,"section_story_id":"1eb1039a-22f6-4a01-8f64-7e63ea558ca7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649926],"teaser":"","voice_url":""},"yoast_head":"\nACA arrests banking official for corruption in granting loans through CBE\u2019s SME lending initiative - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACA arrests banking official for corruption in granting loans through CBE\u2019s SME lending initiative\" \/>\n<meta property=\"og:description\" content=\"Head of SME unit at unnamed bank nabbed by top anti-corruption cops: The Administrative Control Authority (ACA), Egypt\u2019s top anti-corruption agency, has reportedly arrested the head of SME banking at an unnamed bank. The individual was arrested along with an unspecified number of accomplices for allegedly accepting a total of EGP 2 mn in bribes […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-13T04:11:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ACA arrests banking official for corruption in granting loans through CBE\u2019s SME lending initiative\",\"datePublished\":\"2017-03-13T04:11:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/\"},\"wordCount\":111,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/aca-arrests-banking-official-for-corruption-in-granting-loans-through-cbes-sme-lending-initiative\/\",\"name\":\"ACA arrests banking official for corruption in granting loans through CBE\u2019s SME lending initiative - 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