The competent authorities are conducting investigations with an accused of practicing illegal activity in the field of trading in foreign exchange, by purchasing foreign currency, outside the scope of the banking market, at black market prices, in violation of the Central Bank Law, and outside the authorized authorities.
The competent authorities are facing the accused in the security investigation report, which revealed that the accused “holds the nationality of one of the countries” is practicing a criminal activity that specializes in illegal trade in foreign exchange outside the scope of the banking market and at black market prices, by buying and collecting foreign currencies from citizens, reselling them and benefiting from them. The price difference in violation of the law, and the use of a property car to keep the sums of money inside.
The investigations added that the accused carried out a large-scale criminal activity in the field of trading in foreign exchange outside the scope of the banking market and at black market prices by buying foreign currencies, especially (the US dollar and the Saudi riyal) from citizens, and following that he exchanged them from the banks for the national currency, taking advantage of the difference. The price of the currency, in exchange for a commission of 1%, which is considered an act of the banks’ actions in violation of the provisions of the law, and they were seized when he was dealing outside the scope of the approved banks and they were in possession of sums of money, and one of them was seized in possession of a mobile phone and by examining it, it was found that it contained many text messages and voice conversations indicating for his illegal activity.
Information and investigations of the security services at the Cairo Security Directorate confirmed that (a person who “holds the nationality of one of the countries” – a resident of the First Settlement Police Department in Cairo) engaged in illegal activity in the field of trading in foreign exchange outside the scope of the banking market in violation of the law and that he promoted his criminal activity through his page on The social networking site Facebook”.
After legalizing the procedures, it was possible to arrest him when he was in the First Settlement Police Department in Cairo, and he was found in possession of (“local and foreign” sums of money), and by confronting him, he admitted that he possessed the seized sums of money with the intention of trading them outside the banking market, and legal measures were taken.
