Egypt’s Clearing House Denies Freezing Brotherhood Assets
Egypt’s Central Clearing, Depository and Registry house (MCDR) has denied receiving any notification as regard to freezing assets of Muslim Brotherhood leaders in the country’s stock market (EGX).
“No instructions have been issued to freeze the assets of Brotherhood leaders,” senior sources told Amwal Al Ghad on Tuesday.
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.
