Assets Worth EGP 340 Million Frozen in Two Money Laundering Cases

Egyptian authorities have frozen assets valued at EGP 340 million in connection with two money laundering cases.

The General Administration for Drug Control took legal action in coordination with the relevant security agencies.

The administration operates within the sector responsible for combating narcotics and unlicensed weapons and ammunition.

The stated asset value covers both cases. The brief account did not identify the people involved or provide a breakdown of the properties subject to the measures.