Egypt

Two capital investment companies seized

Public funds investigations department seized two capital investment and foreign exchange brokerage companies and arrested the official in charge of the two companies.
 
Referred to prosecution, he was remanded into custody pending investigations.
 
The investigation department was notified that one of the company called Capital Incorporation Egypt take money in foreign currency from citizens claiming it will invest it for them, then speculate in stocks.
 
 
Edited translation from Al-Masry Al-Youm
 

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