ID: ARW-340
Embezzlement of funds from a bank in one of the Arab countries case
$0.00
Country of Asset Location
Egypt
Other Jurisdictions Involved
Unnamed jurisdiction
Disposition of Criminal Case(s)
There were ongoing investigation/prosecutions cases in both the country of origin (unnamed jurisdiction) and in the country of asset location (Egypt) at the time of reporting in 2020.
Action Initiating Asset Recovery
By an MLA request from the country of origin
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of origin
Conviction-based criminal prosecution and confiscation
Legal Basis for International Cooperation
UNCAC
Notes
The assets were still frozen/seized at the time of reporting in 2020.
Assets Frozen/Seized
#1
Assets frozen/seized
1,080,398.00 EGP
Assets frozen/seized (USD equivalent)
$34,964.92
Date of freeze/seizure
April 2020
Jurisdiction
Egypt
Asset Type at Time of Freeze/Seizure
Cash/bank deposit
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Egypt
Data Source
Official information provided by country authorities