Assets of 30 MB leaders frozen

Daily News Egypt
2 Min Read

The assets of 30 Muslim Brotherhood figures, 12 associations controlled by the Brotherhood and several companies owned by Brotherhood figures have been ordered frozen by a committee tasked with assessing the Brotherhood’s financial value.

State-run MENA reported that the committee has convened throughout the past week, in order to follow up with the implementation of a court ruling issued on 23 September, which ordered the disbandment of the Muslim Brotherhood Organisation and confiscation of its capital.

Secretary General of the committee, Judge Wadi’ Nashed, said that the committee has inventoried some of the reserved entities revealing several criminal offences. He said that the offences have been handed to the prosecution for investigation.

He added that the committee has recently taken a number of measures to implement the court ruling and that these measure would be announced soon.

This is only the latest decision to freeze Muslim Brotherhood assets. In September, a few days before the court ruling which banned the organisation, the North Cairo Criminal Court upheld a decision by Prosecutor General Hisham Barakat to freeze the assets of prominent Muslim Brotherhood leaders and other Islamist politicians. Those with frozen assets include Supreme Guide of the Muslim Brotherhood Mohamed Badie and his deputies Khairat El-Shater and Rashad Bayoumi.

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