Published on Wed, May 19, 2010 at 08:58 | Source : Reuters
Updated at Wed, May 19, 2010 at 13:57
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Head of Egypt`s mint resigns after cash is stolen
The head of Egypt's mint resigned after the central bank discovered 2.8 million Egyptian pounds ($500,000) had been stolen several weeks ago, a central bank statement said on Tuesday.
The head of Egypt's mint resigned after the central bank discovered 2.8 million Egyptian pounds (USD 500,000) had been stolen several weeks ago, a central bank statement said on Tuesday.
After investigating the issue, the central bank accepted the resignation of its assistant deputy governor, who is in charge of the mint, the statement said. The case has been sent to the public prosecutor, it added.
"Initial indications show a lack of full adherence to work procedures that should be followed at the end of one specific stage of production that caused the incident," the bank said in the statement.
