3:21am , Tuesday 17th May 2022

Farmers Loans Scammed by dubious Bank Employees in Egypt

30 September 2021

Shehata Al-Sayed and Sahar Al-Hamdani

The investigation documents the bank’s manipulation of farmers’ bank bonds and the disbursement of loans that did not meet the legal requirements in order to profit. The only action taken by the faltering Egyptian oversight authorities was to ask those victims of fraud to repay the rigged loans.