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Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
Date Publish
16 February 2023
The Capital Markets Authority (CMA) announces submitting a report to the Attorney General on 16/02/2023 regarding the occurrence of the crimes stipulated in Article (125) of Law No. 7 of 2010 and its amendments, and Articles No. (231 and 257) of Law No. 16 of 1961 promulgating the Penal Code. The two defendants issued an activation document (acknowledgement of the activation of an Islamic investment portfolio) under the name of a company (a company listed in the Exchange) and they mislead the investors and traders by creating a fake official document, and falsifying information that included the official logo of the CMA and using it to deceit others to hand over money in their possession.
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