Amounts Due from Economic Crimes Record EGP 6.4 Bln- Interior

The value of the amounts due from financial crimes monitored by the economic security agencies in the Ministry of Interior reached EGP 6.4 billion last October, including tax evasion, public funds and theft of electricity.

The report issued by the Ministry on Saturday said hat the economic security services seized 6234 cases of taxes and fees, a total of EGP 5,790,274,392.

Also, there were 643 general tax cases, 421 value-added tax evasion and 349 customs smuggling cases.

A total of 160 vehicles were seized for violating the customs exemption requirements and 55 cases of  state funds and property were recovered.

In addition, the ministry examined 1,675 cases of property tax evasion, 836 debtors, for a total of 2,095 court rulings. Economic security agencies notified the Egyptian Tax Authority of collecting the amount due.

As for the crimes of public funds, the ministry seized 57 cases with a total of EGP 439,473,723 and another EGP 2,512,000 in foreign currencies.

The most prominent cases include bribery, bank fraud, embezzlement of public funds, seizure of public funds, money laundering, illegal gain, foreign exchange trading, illegal money transfers, investment of funds, customs smuggling, online fraud.

Moreover, the ministry revealed 294,867 cases of electricity Theft, which is the criminal practice of stealing electrical power, with a total of EGP 215,364,651.

Up to 32,000 different supply cases were confiscated, including 401 butane cases with a total value of 9,688 cylinders.

A total of 108 cases of petroleum materials were seized, including 1,188,858 liters, and 427 other cases from the sale of 115,632 tons of goods on the black market with a total value of 4,5993 containers.

Furthermore, 79 cases of confiscation of support funds were seized, including 126,393 tons, 2352 packages and 42,788 miscellaneous subsidized items.

In the meantime, the relevant bodies have taken all necessary legal action in cases of seized economic crimes to promote the development of the Egyptian economy.