Global Paradigm International School placed under supervision for credit fraud

The Egyptian Ministry of Education has placed Global Paradigm International School under financial and administrative supervision following allegations of massive credit fraud. Investigations revealed that the school's chairman used the personal data and national ID copies of parents to secure educational loans and credit facilities without their knowledge or consent.

According to the Egyptian Public Prosecution, the chairman contracted with a financing company to execute 839 contracts totaling 321 million Egyptian pounds (approximately 31 million USD) using forged signatures and stolen documents. The school owner has been detained and has reportedly confessed to the incident.

President Abdel Fattah el-Sisi has directed authorities to investigate the case and ordered a comprehensive review of similar occurrences to strengthen oversight and prevent future fraud. The Public Prosecution is continuing its investigation to determine the full extent of the victims and the legal responsibilities involved.