Egypt
3 people were arrested for laundering 200 million pounds from the proceeds of drug trafficking
The General Administration of Narcotics Control, in the Sector of Combating Unlicensed Drugs, Weapons and Ammunition, coordinated with the relevant security services to take legal measures against 3 people, one of whom holds a foreign nationality, who have criminal information for laundering money obtained from engaging in a criminal activity specializing in trafficking in narcotic substances.
It was revealed that the defendants attempted to hide the source of this money, give it a legal character, and make it appear as if it were generated by legitimate entities by establishing commercial activities and purchasing real estate and cars. These properties were estimated at “approximately 200 million pounds.” Take legal action.
