Egypt: Seizing funds of 29 Muslim Brotherhood leaders

The investigative authorities in Egypt issued a decision to seize the funds of 29 leaders of the Muslim Brotherhood terrorist group, and prevent them from disposing of them.

The order came in implementation of the decisions issued to include their names on the lists of terrorists for a period of 5 years, in addition to listing the Brotherhood on the lists of terrorist entities for a period of 5 years.

Sources explained that the reservation decisions were issued as among the effects of the decision to include in the lists of terrorist entities and terrorists, and pursuant to Article 7 of Presidential Decree No. 8 of 2015 regarding the organization of terrorist entities and terrorists.

The law stipulates that the publication of the listing decision, and its duration, for terrorist entities shall entail by the force of law the prohibition of the terrorist entity, the cessation of its activities, the closure of the places designated for it, the prohibition of its meetings, the prohibition of financing or collecting funds or things for the entity, whether directly or indirectly, and the freezing of funds or assets. Others owned by the Entity or its members whether owned by the Entity in full or in the form of an interest in joint ownership, the proceeds generated therefrom, or controlled directly or indirectly by the Entity, the funds or other assets of the persons and entities operating through it and the prohibition of joining or advocating the Entity To that, or promote it, or raise its slogans.

As for the terrorists, they are included on the lists of travel bans and anticipation of arrival, or preventing a foreigner from entering the country and withdrawing or canceling the passport, or preventing the issuance or renewal of a new passport, losing the condition of good reputation and conduct necessary to assume public, parliamentary or local jobs and positions, and not being appointed Or contracting with public offices or public sector companies, or the public business sector, as the case may be, stopping work with disbursing half the wage and freezing funds or other assets owned by the terrorist, whether in full or in the form of a share in common ownership, and the proceeds generated therefrom, or otherwise controlled by him. Direct or indirect, funds or other assets of persons and entities operating through it, prohibiting the exercise of all civil or advocacy activities under any name, prohibiting the financing or collection of funds or things for a terrorist, whether directly or indirectly, and prohibiting receiving or transferring funds, as well as other of similar financial services.

Follow our latest local and sports news and the latest political and economic developments via Google news