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Government forms committee to manage Brotherhood money - Daily News Egypt

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Government forms committee to manage Brotherhood money

Morsi and others charged with financial corruption


In response to questions on whether the Muslim Brotherhood influences his presidential decisions, Morsi said that his “background with the Brotherhood is part of my psychology, humanity and belief”. (AFP Photo)
Ousted president Mohamed Morsi faces charges of financial corruption
(AFP Photo)

The cabinet issued a decision in its Wednesday meeting to form a committee to manage the funds of the Muslim Brotherhood Organisation.

The circuit court for urgent matters in Abdeen had, on 23 Septmeber, ruled to disband the Muslim Brotherhood Organisation and ordered the confiscation of its capital.

According to the cabinet’s decision, the committee will include representatives from the ministries of Justice, Interior, Finance, Social Solidarity, and Local Development, as well as representatives from the Central Bank, national security and Investment Authorities.

The governmental decision mandates that “all authorities that are related to the enforcement of the verdict respond swiftly to the demands of the newly-formed committee.”

State-owned Al-Ahram reported that Public Funds Prosecution  had begun interrogating former president Mohamed Morsi and other members of the Freedom and Justice Party (FJP) with charges of financial corruption.

The lawsuit is concerned with the financial violations within Brotherhood-affiliated Misr 25 Satellite Channel.

The violations include using the channel to broadcast FJP’s campaigns by direct order, failure to submit a financial balance to the Central Auditing Authority for two years, and failure to pay debts to the Media Production City Authority.

The Prosecutor General’s spokesman was unavailable for comment.

Misr 25, of which 17% of shares are owned by Morsi, was abruptly shut down by the military amid the 3 July ouster of the former president.

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