‘Follow the money’: Egypt expands asset freeze on Islamists

Shadowy finances

CAIRO - An Egyptian court on Tuesday ordered the freezing of assets of senior leaders of the Muslim Brotherhood as part of a crackdown on Islamists by the army-backed authorities, a judicial source said.
Among those facing sanctions are Brotherhood general guide Mohammed Badie, his two deputies Khairat al-Shater and Rashad Bayoumi, as well as Salafist leader Hazem Abu Ismail and preacher Safwat Higazi.
The five are currently detained, accused of inciting the murder of protesters opposed to ousted Islamist president Mohamed Morsi.
The crackdown, which follows the military's overthrow of Morsi on July 3, has targeted members of his Muslim Brotherhood and other Islamist allies.
On August 14, police and troops dispersed two large pro-Morsi protest camps in an operation that killed hundreds.
Around 15 Islamist politicians have already had their assets frozen as part of the crackdown that has fractured the organisational structure of the Brotherhood.
The new army-installed authorities have laid out a political roadmap which provides for parliamentary and presidential elections in 2014.
Throughout its nine decades, the Muslim Brotherhood has encouraged its members to enter the professions and commerce. A number of them have built up huge fortunes in the real estate, food, textile and health sectors.