Savings lost in quest for a few coins more

Compatriots swindle Egyptians

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KUWAIT CITY, May 4: The Ministry of Interior (MoI) has launched an investigation into a case involving the exchange of Kuwaiti dinars for Egyptian pounds on the black market. The incident has been classified as a breach of trust, with the potential for reclassification by the Public Prosecution, reports Al-Anba daily. A security source reported that an expatriate born in 1987 filed a complaint at the Abu Halifa police station, claiming that he was defrauded after handing over 7,700 dinars to a currency dealer.

The expatriate stated that his colleagues had recommended a man who offered favorable exchange rates and was believed to be trustworthy. However, after he handed the dealer the cash in Kuwait, the dealer failed to deliver the equivalent amount in Egyptian pounds to the complainant’s family in Egypt, as agreed. Despite repeated attempts to contact the dealer, who was identified as a man born in 1976 and residing in the Abu Halifa area, the complainant received no response.

The informant provided detailed information about the suspect to the police. It’s worth noting that several other expatriates have reported similar incidents, wherein they lost their savings while attempting to exchange currency through unofficial channels in hopes of getting better rates. Instead, they were left without the funds they had entrusted to these dealers.

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