Interior Ministry headquarters (Reuters)
Egyptian authorities have arrested 17 people in one of the country's largest money laundering cases, the interior ministry said on Thursday.
The gang created fake postal accounts for deceased people and expatriates without their knowledge as well as for non-existent companies to transfer or deposit money, the ministry said in a statement.
The funds, estimated at EGP 1.69 billion ($108 million), were used in local and foreign currency trading as well as illegal migration and drug trafficking.
The group, which includes six employees at Egypt's postal authority, was arrested in the northwestern governorate of Marsa Matrouh.
Another group of 13 people has also been arrested in Alexandria and Cairo over charges of money laundering worth EGP 160 million ($10.3 million).