Court Extends Detention of Currency Trader in Alleged EGP 30 Million Laundering Case
Automated summary•6 October 2026 at 19:59
A court has renewed the detention of a currency trader accused of laundering nearly EGP 30 million in proceeds from unlawful activities, including illegal foreign currency trading.
The defendant will remain in custody for a further 15 days while investigations into the case continue.
The allegations concern the use of ostensibly legitimate activities across several sectors to conceal the origins of the money.
Property and cars were allegedly used to hide the funds. The case remains under investigation, with no verdict reported.
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