Egypt Post Employees Detained over Largest Money Laundering Activity

The Egyptian Public Prosecution decided to detain 5 Postal Authority employees, "Egypt Post" and others, in light of the accusations leveled against them in the largest money laundering case with a value of EGP 1.069 billion.

The sector's inspectors and the post investigation officers received an a notice that a number of the authority’s employees in the Matrouh postal area committed financial violations, establishing and managing postal accounts for the benefit of others, including the transfer and deposit of funds used in illegal activities.

Through efforts, inspectors managed to identify five employees of the Matrouh Egypt Post office, who committed these violations.

Investigations revealed that the perpetrators formed a neurotic group in association with others whose criminal activity was devoted to creating and managing postal accounts under the names of different people, including expats; for the purpose of receiving and sending financial sums and postal transfers from various governorates, especially Upper Egyptian ones, to disguise the nature of these accounts and the people dealing with it.

The criminal formation also received percentages from the transactions, committing a felony through forging exchange and deposit accounts and profiting from their jobs.

Investigations revealed that the postal staff tampered with 25 postal accounts, managed deposits & withdrawals, and received a number of postal transfers with a total amount of one billion and sixty-nine million pounds.

Through the mail documentary examination, investigators managed  to determine 10 accounts the perpetrators created in exchange for money, including 6 persons from the depositors and four others, who engaged in the same activity to finance their illegal activities.

After legalizing the procedures, the accused were arrested and confessed in full detail. All legal measures were taken and the Public Prosecution is continuing their investigations to protect the Egyptian national institutions against any criminal activities.