Egypt seized Brotherhood's properties worth $1.1bn

The entirety of seized assets, cash and personal banking accounts were taken into account while calculating

Egypt seized Brotherhood's properties worth $1.1bn

World Bulletin / News Desk

The total value of of seized properties belonging to members of Egypt's Muslim Brotherhood are worth $1.1 billion, according to Ahram Online calculations based on an official inventory announced on Sunday.

The entirety of seized assets, cash and personal banking accounts were taken into account while calculating.

The assets include 105 schools and 43 hospitals nationwide.

The state committee, which is tasked with appraising and freezing Brotherhood funds, said at a press conference in Cairo that the seized funds includes bank credits of 1370 members worth 154.7 million Egyptian pounds, $2 million, €435,000 euros, 1.3 million Saudi riyals, £9,000 and 16,480 Swiss franc.

The list of seizures also comprises of bank credits of 1125 non-government organisations worth $64,000, bank credits of 62 companies worth 17.4 million Egyptian pounds, $117,000 and €7,000, according to judge Ezzat Khamis, the head of the committee, which was formed in 2013 under then interim president Adly Mansour.  

The committee also revealed that 19 exchange shops with frozen credits of 82 million Egyptian pounds are affiliated with the banned organisation.

Cash worth 8.5 billion Egyptian pounds was also seized from the safes of the schools and hospitals, the committee said. 

The Egyptian government's crackdown on Brotherhood members and their activities started in 2013 following the ouster of first ever democratically elected president Mohamed Morsi, who hailed from the group.

Source: Ahram Online 

 

Last Mod: 25 Ocak 2016, 11:25
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