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Africa North
Seized properties of Egypt's banned Muslim Brotherhood worth $1.1 bln
2016-01-25
Goodness knows Egypt can use the funds -- that much less needed to borrow from the Saudis.
[AlAhram] The aggregate value of seized assets, cash and personal banking accounts that belong to members of Egypt's banned Moslem Brüderbund are worth the equivalent of $1.1 billion, according to Ahram Online calculations based on an official inventory announced on Sunday.

The assets include 105 schools (valued at LE283.8 million) and 43 hospitals (valued at LE111 million) nationwide.

However,
it was a brave man who first ate an oyster...
excluded from Ahram Online calculations were 460 cars and 318 acres of arable lands that were owned by the banned
...the word banned seems to have a different meaning in Pakistain than it does in most other places. Or maybe it simply lacks any meaning at all...
organization
, but have also now been frozen

The state committee, which is tasked with appraising and freezing Brotherhood funds, said at a presser in Cairo that the seized funds includes bank credits of 1370 members worth LE154.7 million, US$2 million, €435,000 euros, 1.3 million Saudi riyals, £9,000 and 16,480 Swiss franc.

The list of seizures also comprises of bank credits of 1125 non-government organizations worth $64,000 (LE20 million), bank credits of 62 companies worth LE17.4 million, $117,000 and €7,000, according to judge Ezzat Khamis, the head of the committee, which was formed in 2013 under then interim president Adly Mansour.

The committee also revealed that 19 exchange shops with frozen credits of LE82 million are affiliated with the banned organization.

Cash worth LE5 billion and LE3.5 billion was also seized from the safes of the schools and hospitals, the committee said.

The Egyptian government's crackdown on Brotherhood members and their activities started in 2013 following the ouster of president Mohammed Morsi, who hailed from the group.
Posted by:trailing wife

#7  Yes, indeed, Pappy.

It was only one day one and election and took our power

*sigh* So much for use the dictate function on my phone. It will make more sense when written as:

It was only when they won an election and took power...
Posted by: trailing wife   2016-01-25 18:46  

#6   the Brotherhood was seen as the Third Way and attracted same people

Not to mention the current administration, Foggy Bottom, et cetera.
Posted by: Pappy   2016-01-25 18:20  

#5  Doctors, lawyers, business owners, Sven. In the early days, that third way – the fascist way – attracted pius and patriotic Egyptians who wanted to bring their nation into modernity without losing its soul. Later too, when the alternative to army secular rule was Al Qaeda style radical Islam, the Brotherhood was seen as the Third Way and attracted same people. It was only one day one and election and took our power that it could be seen that they were nothing more than Al Qaeda in slower motion.
Posted by: trailing wife   2016-01-25 15:33  

#4  Tw, where did "their own money" come from?
Posted by: Sven the pelter   2016-01-25 11:49  

#3   All stolen from Egypt of course.

The Muslim Brotherhood had put their own money into schools and hospitals and such in their Third Way seduction effort (Islam in the modern world for the Volk) since 1928. Hamas and Hizb'allah do the same. Even ISIS provides education and medical treatment for their Lions of Islam and the Lion Cubs and Cubettes -- Islamic government is rquired to provide such things out of their share of the plumder and the taxes they collect from the dhimmis.
Posted by: trailing wife   2016-01-25 11:36  

#2  Venezuela next free government should take lessons. Hugo's daughter is worth a couple billion...
Posted by: Steve White   2016-01-25 10:40  

#1  All stolen from Egypt of course.

Some expensive jihadis they elected.
Posted by: newc   2016-01-25 00:20  

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