The committee responsible for managing the Muslim Brotherhood’s funds decided Sunday to seize the assets of 16 Brotherhood members as well as six companies and three international schools affiliated with the group, state news agency MENA reported.
In a statement, secretary general of the committee Mohamed Yasser Abul-Fotouh also said that the decision includes all bank balances, as well liquid, transferred and real estate funds, and cars.
Committee head Ezzat Khamis said in a press conference on 21 January that the assets of 901 Muslim Brotherhood members and 1096 associations had been seized, including 82 schools.
When the committee decides to seize assets, it presents legal proceedings to a judge who issues the order which can then be appealed.
Also, the social solidarity ministry dissolved on 23 February 169 non-governmental organisations controlled by the Brotherhood.
On 23 September 2013, the Cairo Court for Urgent Matters ordered the banning of the Brotherhood’s activities and for the government to seize the group's funds and establish a committee to administer its frozen assets.
Later, on 25 December 2013, the Egyptian cabinet declared the Muslim Brotherhood a terrorist organisation.