Monday, April 19, 2021

Egypt: Former Menoufia governor face money laundering trial

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Former Menoufia governor Hesham Abdel Baset was referred to urgent criminal court over accusations of money laundering of L.E. 28 million.

Investigations showed that Abdel Baset, the first defendant in the case, has deposited the aforementioned sum of money separately in his balance at different Egyptian banks, in addition to his wife’s and son’s bank accounts. He also invested some of the money by purchasing real estate, cars, and residential units.

Another defendant in the case called Ahmed Saeed, the owner of a motor maintenance center admitted he gave ex governor the money in bribe and that he bought three buildings and furnished them for the first defendant, and purchased eight cars, per instructions of the governor.

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Cairo Criminal Court ruled to sentence to 10 years in prison Hisham Abdel Baset, and fine him L.E. 58 million. Abdel Baset is also standing trial in an illicit gain case.

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