Administrative court has rejected an appeal by Safwan Thabet to unfreeze his accounts

The Administrative Court rejected on Tuesday Juhayna Chairman Safwan Thabet’s appeal against the government's freeze on his assets, which was put in place back in 2014, Al Borsa reports. A Cairo Criminal Court had placed Thabet and hundreds others on a list of designated terrorists in January for their alleged affiliation with or support for the Ikhwan. In the appeal, the veteran business leader denied ever belonging to the now-banned group, claiming that his “familial ties to former Ikhwan leader Hassan El Houdaiby do not mean he belongs to the Ikhwan.”