The relevant authorities are conducting an investigation into an accused of engaging in illegal activity in the field of foreign exchange trading, purchasing foreign currency, outside the banking market, at black market prices, in violation of the Central Bank Act, and outside the authorized authorities.
The relevant authorities are addressing the defendant in the security investigation report, which revealed that the defendant “possess the nationality of one of the countries” is engaged in criminal activity specializing in illegal foreign exchange trading outside the scope of the banking market and at black market prices, buying and collecting foreign currencies from citizens, reselling and using them. The difference in price in violation of the law, and the use of a private car to hold the sums of money at internal.
The investigation added that the defendants engaged in large-scale criminal activity in the field of foreign exchange trading outside the banking market and at black market prices by purchasing foreign currencies, in particular (US dollar and Saudi riyal). by citizens, and subsequently exchanged them by 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 actions of the banks in violation of the provisions of the law, and were seized when dealing outside the scope of authorized banks and were in possession of sums of money, and one of them was seized in possession of a mobile phone and upon examination it was found that it contained many messages of text and voice conversations that indicated his illegal activity.
Information and investigation by 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 Police Department of the First Settlement in Cairo) engaged in illegal activities in the camp trading in foreign exchange outside the banking market in violation of the law and who promoted his criminal activity through his page on the social networking site Facebook”.
After having legalized the procedures, it was possible to arrest him when he was in the Police Department of the First Settlement of Cairo, and was found in possession of sums of money (“local and foreign”), and in confrontation with him, he admitted that he had possessed the seized sums with the intention of trading them outside the banking market and legal steps were taken.
