Last Update 22:22
Wednesday, 24 July 2019

23 people arrested for illegal currency trade: Egypt's ACA

Ahram Online , Tuesday 26 Mar 2019
illegal foreign exchange
Views: 2124
Views: 2124

Egypt’s Administrative Control Authority (ACA), in cooperation with the Ministry of Interior, has arrested a criminal ring of 23 people accused of illegal trade in foreign currencies. 

The ACA said that the suspects were involved in black market transactions exceeding EGP 100 million. 

The agency said that it has seized EGP 20 million in Egyptian and foreign currencies. 

The ring operated in Cairo, Giza, Sharqiya, and Daqahliya.

The ACA said that the arrests are part of continued efforts by the state to combat monetary crimes in accordance with the directives of President Abdel-Fattah El-Sisi.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.