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Egyptian committee seizes assets of 19 people, 14 companies linked with banned Brotherhood

The Egyptian state committee charged with administering the financial assets of accused terrorists seized the assets of 19 people and 14 companies due to links with the banned Muslim Brotherhooh

The seizure includes the assets of four children of leading Brotherhood figure Essam El-Erian, who is in jail facing trial in a number of terror-related cases.

The committee seized the assets of companies operating mostly in tourism, investment, and real estate, and located in various governorates including Cairo, Alexandria, Marsa Matrouh, and 10 Ramadan city.

In September, a court order regulating the work of the committee, which was first formed in late 2013, gave the committee and its decisions judicial immunity against appeals.

The committee is tasked with assessing and managing the frozen assets of those who have been included on Egypt’s terror lists.

The committee is headed by the head of the Cairo appeals court, Mohamed Yasser Abo El-Fatouh, and includes representatives of the ministries of interior, finance, social solidarity, and local development, as well as representatives of the Central Bank of Egypt, the National Security Apparatus, and several other entities.

source : Ahram Online

Egypt’s current terror list contains around 2,000 names, including top Muslim Brotherhood leaders convicted of violent crimes.

These include: ex-president Mohamed Morsi; Brotherhood spiritual leader Mohamed Badie; owner of the Juhayna dairy company, businessman Safwan Thabet; Wasat Party chairman Abul Ela Mady; and football player Mohamed Abou-Treika.

The Egyptian government designated the Muslim Brotherhood a terrorist organisation in 2013.

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