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Commission freezing assets of MB lists vast inventory
Published in Albawaba on 21 - 01 - 2015

Egypt has frozen the property and funds of 901 leaders of the outlawed Muslim Brotherhood (MB), and plans to freeze the assets of 166 others according to statements issued by the inventory commission in charge of MB property Wednesday.
In a press conference held at communication ministry, the commission announced that it had frozen large amounts of MB property, including 1096 associations, 82 schools, 532 companies, 28 hospitals, 460 cars, 328 acres of lands, 520 offices of the MB's political wing, the Freedom and Justice Party, and 54 offices of the group itself, Youm7 reported.
Chairman of the inventory commission, Chancellor Ezzat Khamis, affirmed all measures taken by the commission have been legalized by the judge charged with overseeing its work.
"The commission takes control of the MBs' funds so that the group cannot use the money to finance terrorist attacks against the state," Khamis told reporters.
Khamis commented that the administrative court's decision yesterday to suspend the MB asset freezes has been appealed by the commission, he assured that the commission will implement whatever the court eventually decides.
In September 2013, the Cairo Court for Urgent Matters ruled to ban all activities of the Muslim Brotherhood, freeze its funds, and form a commission to manage the group's assets so that no money could be used to fund terror attacks against citizens and governmental buildings.
The Muslim brotherhood was ousted from power in July 2013 following a popular uprising against their regime on June 30. Islamist president Mohamed Morsi was arrested and placed in jail alongside other MB leaders, where they face charges of corruption and murdering peaceful protesters.


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