Egypt has been hit by a spate of online fraud scams in it's import-export industry, officials at the Foreign Ministry said.
Those Egyptian companies affected signed contracts with African firms via the internet and paid deposits for supplies only to discover the firms were fabricated, according to the ministry.
Foreign Ministry official Mohamed Abdel Hakam warned Egyptian businessmen not to fall prey to these scams. Hakam also advised job seekers against transferring funds to companies as a precondition for a job interview.
Abdel Hakam added that Egyptian embassies in several countries have been contacted over these illusory companies.
Translated from the Arabic Edition.
