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Egypt's Public Prosecution transfers gold to CBE and silver to Ministry of Finance
via Egypt Today1 min read
Egypt’s Public Prosecution announced that on April 21, it transferred gold bullions to the Central Bank of Egypt CBE and over 1.2 tons of silver to the Ministry of Finance. This handover occurred at a ceremony attended by the Ministers of Finance, Local Development, and Housing, Utilities and Urban Communities, along with the Governor of Cairo and other officials. The Public Prosecution stated this action is part of its efforts to manage seized assets, protect public funds, and maximize the value of underutilized resources, emphasizing the economic aspect of its judicial role. It has adopted a systematic approach to managing valuable seized items, focusing on strong governance and oversight to convert idle assets into economic value. The Public Prosecutor also reviewed improvements in managing impounded vehicles, including upgrades to storage facilities and efforts to reduce overcrowding, which led to the return of many vehicles to owners and the clearance of the 15th of May area. Additionally, a new framework for criminal claims management has been introduced, involving digitizing inventories, improving classification, and ensuring regular follow-up and administrative seizure to enhance collection efficiency and protect state rights.
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This summary was AI-generated from a story originally published by Egypt Today.
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