Public Prosecution Hands Over 1.2 Tons of Silver Bullion to the Ministry of Finance

In line with its ongoing efforts to strengthen the economic dimension of its judicial mandate, ensure sound asset management, safeguard public funds, and maximize the utilization of latent resources, the Public Prosecution held an evening ceremony on Tuesday at the Office of the Public Prosecutor.

The ceremony was attended by the Ministers of Finance, Local Development, Housing, Utilities and Urban Communities, as well as the Governor of Cairo, in addition to a number of senior officials from relevant ministries and authorities.

The event began with a speech by the Public Prosecutor, Counselor Mohamed Shawky, in which he affirmed that the Public Prosecution, as an independent judicial body responsible for investigation and prosecution, has not been immune to current economic challenges. He explained that the Public Prosecution has contributed to addressing these challenges through its competencies related to judicially seized assets, impounded vehicles, and criminal claims.

The Public Prosecutor further explained that the Public Prosecution has adopted a precise approach to governance and management of valuable seized assets, transforming them from dormant holdings into economically valuable resources. The first phase included the handover of gold bullion to the Central Bank, while the second phase—announced during the event—witnessed the conversion of confiscated silver seizures into silver bars, with more than 1.2 tons delivered to the Ministry of Finance.

Regarding the file of impounded vehicles, the Public Prosecutor reviewed the achievements made in developing and upgrading impound yards and eliminating overcrowding. This resulted in the return of a large number of vehicles to their owners, as well as the complete clearance of the 15 May area after decades of accumulation, in addition to the clearance of other sites across the country for redevelopment and utilization in development projects.

As for criminal claims, he noted that the Public Prosecution has adopted a new approach that includes digitizing inventory and classification, setting priorities, activating periodic follow-up mechanisms, and applying administrative seizure in accordance with the law, with the aim of enhancing collection efficiency and protecting state rights.

The attending ministers praised the tangible results achieved by the Public Prosecution in these areas, emphasizing that these accomplishments reflect effective institutional integration and a prudent approach to safeguarding public funds and maximizing the use of underutilized assets.

The event included two visual presentations showcasing the lands that were cleared and the process of converting silver seizures into bullion. It also featured the signing ceremonies for the handover of silver bars and cleared land plots, as well as the document declaring the completion of the clearance of the 15 May area. The ceremony concluded with an exchange of commemorative shields between the Public Prosecution and participating entities.

The Public Prosecution affirmed that these achievements reflect a more evolved understanding of its role, which is not limited to conducting criminal proceedings, but extends to actively contributing to the protection of state assets, safeguarding public funds, and supporting the national economy.