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Egypt: 40 Billion Pounds – Value Of Seized Muslim Brotherhood Funds (Counter Extremism Project)

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Sept. 15, 2016

24: Egypt: 40 Billion Pounds – Value Of Seized Muslim Brotherhood Funds

“In the first publication of the official inventory of seized Muslim Brotherhood funds, following the decision to ban the group, the Brotherhood Asset Freeze Committee revealed, for the first time since it was formed three years ago, that the value of these funds comes to 40 billion pounds ($4.5 billion dollars). This figure includes the appropriation of funds owned by 1213 leaders, 1133 associations, 110 schools, and 53 hospitals. The committee indicated in its report that it had also seized 552 offices related to the Freedom and Justice Party, as well as 415 acres of land. In addition, the Committee appropriated 35 money exchange companies. The sources noted that this figure encompasses the seizure of 97% of the funds and properties owned by the Brotherhood. Some of these properties are owned jointly with other entities, the sources noted.”

(Click on the article’s title to see the whole article, in Arabic…Ed.)

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