Egyptian state committee freezes assets of 25 Brotherhood members

Ahram Online , Tuesday 27 Oct 2015

Muslim Brotherhood headquarters
File photo - The Muslim Brotherhood headquarters in Cairo, Egypt. (Photo: AP)
A state committee responsible for appraising Muslim Brotherhood assets has froze the assets of 25 alleged members of the group, a Monday statement read.
 
The committee's secretary-general, Mohamed Yasser Abul-Fotouh, also said the committee had decided to seize Horus tourism company, which will now be managed by the state-owned Misr Travel Company.
 
The committee also rejected a request by Mowasaah Hospital in Tanta to unfreeze its assets, and rejected petitions from the executive managers of five companies to unfreeze their bank accounts.
 
The British Exchange Company in Alexandria was also denied a request for its assets to be unfrozen.
 
A September 2013 court ruling banned all activities of the Brotherhood, from which ousted Islamist president Mohamed Morsi hails, and ordered the confiscation of the group's assets through a specially formed committee.
 
In December 2013, Egypt's interim authorities designated the Brotherhood a terrorist organisation and froze the assets of its Guidance Bureau and all affiliated NGOs.
 
The assets of hundreds of Muslim Brotherhood members have been frozen by the committee.
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