The government committee tasked with managing funds of the outlawed Muslim Brotherhood group has ordered the confiscation of assets of 46 group members as well as five companies, Youm7 reported.
The confiscated assets include five companies involved in trade, construction, and pharmaceuticals, head of the committee Mohamed Yasser Abu el Fotouh was quoted as saying by Youm7.
Mohammed Abdel Gawad, who served as head of Egypt’s pharmacists’ syndicate during the tenure of ousted Islamist Mohamed Morsi, was among owners of the companies confiscated, he added.
The Muslim Brotherhood was designated as a terrorist organization in December 2013. Following the ruling, a committee affiliated with the Justice Ministry was formed to seize assets of the groups’ members.
In September 2013, the North Cairo Criminal Court upheld a decision by former Attorney General Hisham Barakat to freeze the assets of prominent MB leaders, including Supreme Guide Mohamed Badie and his deputy Khairat El-Shater.
