World · Africa · 1 day ago
Egypt court delays FBC defendants’ appeal to November 17
A Cairo economic court postponed the FBC defendants’ appeal to November 17.
The appeal challenges a ruling that sentenced 13 defendants to five years in prison, fined them 10 million Egyptian pounds and ordered them to repay 14 million pounds.
Prosecutors accused the defendants of taking money through FBC, which claimed to offer investment opportunities in return for completing online tasks.
Investigators said 537 people reported losses exceeding 15.9 million pounds.
They said the platform used WhatsApp and Telegram groups to promote the scheme and falsely claimed to have official licences.
The case matters because it concerns alleged large-scale online investment fraud and money lost by members of the public.
The appeal hearing is scheduled to continue on November 17.
Egypt’s Cairo Economic Court of Appeals postponed the FBC defendants’ appeal hearing to November 17, 2026.
The appeal concerns a sentence of five years in prison and a fine of 10 million Egyptian pounds.
The original judgment also ordered 13 defendants to repay 14 million pounds.
The defendants were accused of taking citizens’ money through the FBC online platform, which allegedly offered fake investment opportunities.
Investigators said 537 citizens reported losses of more than 15.9 million pounds.
- Who
- Thirteen defendants in the FBC platform case. Some defendants appealed the judgment.
- What
- The court postponed their appeal hearing against prison sentences, fines and repayment orders.
- When
- The hearing was postponed on October 18, 2026, to November 17.
- Where
- Cairo Economic Court of Appeals, Egypt.
- Why
- The court postponed the appeal administratively. The defendants were convicted of fraud and taking citizens’ money.
This story does not have two clearly opposing sides.
Cairo Economic Court sentenced 13 defendants to five years in prison, fined them 10 million pounds and ordered repayment of 14 million pounds.
Lawyer Ahmed Bashir al-Ghazawi filed an appeal memorandum for several defendants.
The court postponed the appeal hearing to November 17.
- Defendants
- 13
- Prison sentence
- 5 years
- Fine
- 10 million Egyptian pounds
- Repayment order
- 14 million Egyptian pounds
- Reported complainants
- 537 citizens
- Reported losses
- More than 15,929,357 Egyptian pounds