New law sends confiscated Ikhwan assets to state treasury

The government committee tasked with managing the Ikhwan’s seized assets will be transferring confiscated funds to the state treasury under legislation issued earlier this year, according to Ahram Online. The decision applies to 1,589 Brotherhood members and supporters, 118 companies, 1,133 NGOs, 104 schools, 69 hospitals and 33 websites and satellite channels, the report said. The committee had said in July it seized assets belonging to 2,100 alleged members of the Ikhwan.