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On Sept. 11, Egypt's Committee for Inventory, Seizure and Management of Terrorist Funds announced that it had seized assets belonging to 1,589 Muslim Brotherhood supporters or alleged sympathizers, as well as 118 companies, 1,133 NGOs, 104 schools, 69 hospitals and 33 websites and TV channels with alleged ties to the banned organization. These confiscated assets as much as 60 billion Egyptian pounds ($3.4 billion) according to some reports were transferred directly to the Egyptian Treasury.This unprecedented move against the organization indicates the Abdel-Fattah al-Sisi regime is finally going after the Muslim Brotherhood's funds and assets, which total an estimated 300 billion Egyptian pounds.This decision was somewhat expected after the Sisi regime passed Law 22 in April 2018 regulating the seizure of terrorist assets. This law made it legal for the state to transfer assets to the Treasury, rather than simply freezing and managing assets, as it had done before.
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