Central Bank Of Egypt Denies Freezing Brotherhood Assets

The Central Bank of Egypt (CBE) has denied reports about freezing assets of Muslim Brotherhood leaders.

“No instructions have been issued to freeze the assets of Brotherhood leaders,” a CBE official told the Anadolu Agency Sunday.

Egyptian media reported earlier that the assets of deposed president Mohammad Morsi and senior Brotherhood leaders had been frozen.

“There are no instructions to freeze assets of Brotherhood figures,” a senior official at the National Bank of Egypt, the country’s biggest state bank, told the AA.

“There are a lot of rumors that could affect stability in the country.”

Egyptian banks froze the assets of toppled President Hosni Mubarak and several of his regime officials following his ouster in 2011 on corruption charges.

Commercial banks also confirmed no freezing orders were made.

“We have not received any lists of Brotherhood figures to freeze their assets,” confirmed Nayera Nazih Amin, the CEO and Managing Director of Piraeus Bank Egypt.

“The CBE issues orders to freeze assets based on judicial decisions on corruption charges,” explained Ismail Hassan Mohamed, chairman and managing director of Misr Iran Development Bank.

“Nothing of the sort has happened.”

Morsi was ousted by the powerful army on Wednesday after mass street protests to demand his resignation.

Several senior leaders of the Muslim Brotherhood and its Freedom and Justice Party have since been arrested and others issued travel bans.

Source: World Bulletin