Muslim Brotherhood continues to harm the Egyptian economy by trafficking in foreign currency
The National Security Agency within Egypt’s Ministry of Interior has recently detained a large number of Brotherhood leaders who were involved in the collection of foreign currency and trafficking it out of the country. These include a group that formed a “crisis management” cell, under instructions from leaders of the Muslim Brotherhood.
The cell members were detained in September 2016 in the governorate of Qalyubia in possession of $70,000 and some 106,000 Egyptian pounds ($5,640). In addition, security forces detained other leaders of the group who own foreign currency exchange companies. The most prominent group member is businessman Hassan Malek who faces public prosecution charges.
Four other Brotherhood members face charges for executing a scheme aimed at harming the national economy through amassing foreign currency and smuggling it out of Egypt. They are also accused of escalating the instability of the dollar exchange rate.