Banks Did Not Transfer Libyan Funds Out Of Egypt: Tarek Amer

Tarek Amer, chairman of the Federation of Egyptian Banks, said the Egyptian banks did not transfer the money owned by figures of the Libyan former regime, that was presided by the ousted president Muammar Gaddafi, outside Egypt. The Central Bank of Egypt (CBE) supervises all the cash inflows and outflows, Amer stressed.

The Egyptian banks did not transfer the bank accounts of the Egyptian old regime outside the country and will not by any means be accomplice in a scheme aimed at stealing the money of the Libyan people.

Mounir El-Zahed, managing director of Banque Du Caire, said the Libyan people did not have any bank accounts in the Egyptian banks. Most Libyan investments in Egypt were owned by the Libyan cabinet and the intelligence authority.

The shares acquired by Libya in Egypt are owned by the government and not persons; therefore, anyone in the Libyan former regime could not sell or transfer these shares, El-Zahed affirmed.