Public Prosecutor Delivers 265 Kilos of Gold Bars to the Central Bank

Counselor Mohamed Shawky, the Public Prosecutor, affirmed that the delivery of 265 kilograms of gold bars to the Central Bank of Egypt represents a strategic step to maximize economic returns and transform idle assets into tangible value.

The handover ceremony took place on Tuesday evening at the office of the Public Prosecutor in New Cairo, in the presence of Dr. Mostafa Madbouly, Prime Minister.

Shawky explained that the Public Prosecutor’s Office, in coordination with the relevant technical authorities, converted the majority of the seized gold into high-purity bars to be delivered to the Central Bank, emphasizing that this coordination reflects the state’s ability to manage its resources efficiently, support the public treasury, and strengthen the national economy.

He also noted that the Prosecutor’s efforts included managing other assets, including vehicles, with over 199,000 vehicle sale decisions issued, generating financial proceeds exceeding EGP 1.465 billion. Thousands of unserviceable vehicles were handed over to the National Service Projects Authority, and storage yards were prepared to return the assets to the state.

Shawky concluded: “What we witness today is not merely the delivery of gold bars to the Central Bank, but the culmination of a national process initiated by a presidential mandate and carried out by all state institutions.”