CmaBoardReleases
Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
The Capital Markets Authority announces reporting to the Capital Market Prosecution on 28/04/2022 occurrence of the crime provided for in the following Articles:
1- Articles (134) and (209) of Law No. 16 of 1960 regarding the issuance of the Penal Code.
2- Article (70) of Law No. 37 of 2014 regarding the establishment of the Communication and Information Technology Regulatory Authority.
3- Article (125) of Law No. 7 of 2010 and its amendments.
The defendant (a natural person) violated the provisions of the articles above and committed the criminal acts included therein, claiming, contrary to the truth, that the Authority had taken measures that it did not actually take, using his account on (Twitter), to issue the information on the 24 and 26 of April 2022, in a manner that leads to discouraging the confidence of dealers and harming the national economy.