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Egypt freezes over 1,000 NGO bank accounts

A senior central bank official says some of the frozen accounts are linked to Muslim Brotherhood-controlled groups

Ahram Online, Monday 23 Dec 2013
The Central Bank of Egypt
The Central Bank of Egypt's headquarters in downtown Cairo (Photo: Reuters)
Views: 3147
Views: 3147

The Central Bank of Egypt has frozen the bank accounts of 1,055 non-governmental organisations following a decision by the Cairo Court for Urgent Matters, Al-Ahram Arabic news website reported on Monday.

An anonymous senior official at the bank said some of the NGOs are linked to the Muslim Brotherhood, but he did not reveal their names or number.

The value of the frozen funds was not announced and it was not announced why the measures were taken.

On 23 September, the Cairo Court for Urgent Matters banned all Brotherhood activities.

The court also ordered the seizure of the group's funds and the establishment of a panel to administer the frozen assets until appeals are held.

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