After escaping to America, a large Egyptian bank is trying to recover 22 million pounds stolen by an employee

The escape of an employee of the National Bank to the United States after stealing 22 million pounds from customer account balances and deposits, caused a major crisis within the bank and desperate attempts by the board of directors to recover the stolen amount.

"Cairo 24" website said that the bank's management brought the family of the National Bank employee, who seized 22 million pounds from customer accounts, his relatives and a number of those close to him, in an attempt to recover the seized amount from customers' accounts with the National Bank.

A source added to the site, that the bank’s management is currently working on reviewing all the transactions that took place in the last period through the fugitive employee, and counting the amounts that were seized and transferred to other banks, especially that the initial inventory confirmed that the value of the seized amount was 22 million pounds, The inventory process is being completed amid expectations that the value of the amount seized by the employee will rise.

With the publication of the seizure incident, a state of controversy prevailed yesterday and the day before yesterday, after international websites, agencies and talk show programs reported the incident, and some went out to deny the authenticity of the incident before the incident was proven, which only published its details on the site.

On the other hand, the National Bank collected 550 billion pounds from the proceeds of selling the 18% certificates within 60 days, before it was stopped and triple certificates issued with a return of 14%.

The proceeds of selling the 18% certificates with the National Bank and Banque Misr combined amounted to 750 billion pounds during the period from the start of its offering on March 21 until its cessation on May 30, after the Central Bank of Egypt decided to raise the interest rate by about 2%.

The value of the National Bank’s deposit portfolio reached 2.40 trillion pounds at the end of last May, an increase of 40 billion pounds in two months, for the first time at the level of the banking system.

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