An Egyptian Justice Ministry committee in charge of managing the Muslim Brotherhood’s funds has ordered the assets of two companies, two newspapers and two charity organisations be frozen over alleged ties to the Muslim Brotherhood group.
Egypt outlawed the Muslim Brotherhood in September 2013 following the ouster of former President Mohamed Morsi, who hails from the group.
The decision to freeze these six entities’ assets, which was announced yesterday, included the assets
The assets of the owner of Daily News Egypt, journalist Mostafa Saqr were also frozen. Egyptian President Abdel Fattah Al-Sisi wrote an article for the paper a year ago. Saqr owns the Business News the parent company of both Daily News Egypt and Al-Borsa, a business newspaper.
In statements he made to Reuters, Saqr denied the allegations made by the committee, adding that Business News has appealed the committee’s decision and will continue to operate.
Today’s decision also included Al-Nour for Imports and Exports; and Al-Fajr and Al-Safwa charities, according to the Anadolu Agency.
In a statement released yesterday, the committee said it had frozen Saqr’s funds and the assets of Noor Mahmoud Ali Yousef and Khalid Ahmed Ahmed Abu Shadi.
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