November 29, 2017
Public Funds Crimes Investigation Police revealed the largest money laundering case worth LE 100 million ($5 million) of which three brothers were accused.
Three brothers laundered the money through currencies exchange outside banking markets, selling it on black markets by transferring around $30 million through their company’s account in the foreign countries.
The investigations concluded that the accused laundered funds by constructing around 13 importing and exporting companies, buying housing units, and putting some of the money into their bank accounts.
