Egypt Bourse Freezes Assets of 14 Islamist Leaders Today

Egypt’s bourse management has frozen Monday morning the assets of 14 Muslim Brotherhood leaders as well as senior Islamist groups following the general prosecutor’s decree issued late Sunday.

Egypt’s prosecutor-general on Sunday ordered that the assets of 14 Muslim Brotherhood leaders, including its head Mohamed Badie, be frozen.

Also included in the measure were his deputy, Khairat El-Shater, and the deputy head of the Brotherhood’s political party, Essam El-Erian.

The Egyptian Exchange (EGX) froze on Monday the assets, shares, and stakes owned by  14 senior figures from Muslim Brotherhood and other Islamist groups, Chairman Mr. Atef Yassin El-Sherif told the state-news MENA.

Mr. El-Sherif said the freezing decree including prominent Islamist names in Egypt: Dr. Mohamed Badie, Khairat El-Shater, Essam El-Erian, Mahmoud Ezzat – MB’s first deputy general guide; Mahdi Akef – MB’s former Supreme Guide; Saad El-Katatni, Rashad Al-Bayoumi, Safwat Hegazy, Mohamed Beltagy, Essam Sultan. The list also includes 2 Jama’a al-Islamiya leaders Assem Abdel Maged and Tarek Al-Zomor, the Salafi politician Hazem Salah Abu Ismail, former MP Mohamed El-Omda, and others.

On July 3rd, President Mohamed Morsi was stripped of his power and detained by the Egyptian army in respond to the people’s demands.

In the light of the January 25th revolution, the Egyptian prosecutor-general has issued a decree freezing the assets of a number of the Hosni Mubarak’s followers. Accordingly, reports have been emerged about a potential freeze of the assets owned by  brotherhood leaders and figures.

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