The Egyptian Ministry of Interior announced the arrest of six individuals in Qalyubiya Governorate for their involvement in a sophisticated money laundering operation.
The suspects were allegedly engaged in illicit foreign exchange trading, generating substantial illegal profits.
In a coordinated effort, the General Administration for Combating Public Financial Crimes, in collaboration with relevant security agencies, initiated legal proceedings against the six individuals.
Investigations revealed that the suspects had been laundering their illicit gains through various means – including purchasing villas, residential units, land, commercial properties, and establishing companies.
By doing so, they attempted to disguise the origins of their ill-gotten wealth and present it as income derived from legitimate businesses.
The ministry further disclosed that the estimated value of the laundered funds amounted to approximately LE150 million.
The authorities have taken the necessary legal measures against the suspects.
