Egypt Independent

Trial postponed in extensive money laundering operation



A Mansoura criminal court postponed to 4 December the trial of 43 Egyptians accused of money laundering. The defendants are accused of hacking and seizing US$1,117,000 from Bank of America and Wells Fargo. Authorities suspect Americans coordinated with the Egyptian defendants.

Judicial sources said the judge ordered another 14 suspects–previously released–to be detained again. The defense said money transfers to defendants were from both Arab countries and the US. The lawyers also demanded authorities compare the amount of stolen money to money transfer figures.

US Federal investigations proved the defendants created imitation Wells Fargo Bank and Banks of America websites. Those reports were sent to the Egyptian general prosecution. The defendants were then referred to the Mansoura court.

Translated from the Arabic Edition.