Egypt freezes assets of 66 Brotherhood-owned firms

Most of the companies are said to be owned by Brotherhood deputy leader Khairat al-Shater.

Egypt freezes assets of 66 Brotherhood-owned firms

World Bulletin / News Desk

An Egyptian government committee said on Thursday that it had frozen the financial assets of 66 companies owned by leaders of the embattled Muslim Brotherhood group.

"The panel froze the assets of 66 companies owned by Muslim Brotherhood leaders," panel member Wadei Hanna told reporters.

He said most of the companies were owned by Brotherhood deputy leader Khairat al-Shater and businessman Hasan Malek.

He declined, however, to elaborate on the reasons for freezing the companies' assets.

It is not the first time the government has frozen the assets of leading Brotherhood figures.

Since being drawn up last September, the committee has frozen the assets of scores of the group's leaders and Brotherhood-affiliated NGOs.

In June, the panel froze the assets of several shopping malls owned by Muslim Brotherhood leaders.

Last September, Egypt's court of urgent matters banned the activities of the Muslim Brotherhood and all affiliated organizations and froze all their assets.

The latest asset freeze comes amid a harsh government crackdown on the Brotherhood, which has remained ongoing since last summer's ouster of president Mohamed Morsi –a Brotherhood leader himself – by the Egyptian army.

Güncelleme Tarihi: 17 Temmuz 2014, 17:49
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