New judicial committee to confiscate terrorist groups' assets



Fri, 27 Apr 2018 - 12:20 GMT


Fri, 27 Apr 2018 - 12:20 GMT

The ministry of justice - File photo

The ministry of justice - File photo

CAIRO – 27 April 2018: A presidential decree will be issued in May with the names of members of the new judicial committee assigned to confiscate terrorist groups' assets, according to a judicial source who spoke on condition of anonymity as he is not authorized to speak to the media.

The Ministry of Justice is selecting seven heads of the Courts of Appeal to form the new committee in implementation of Law No. 22 of 2018.

The minister of justice is following up on these options for completion as soon as possible in preparation for sending them to the Supreme Judicial Council for approval.

The government-drafted law to regulate the legal procedures to seize, manage and dispose of terrorist organizations' assets was signed into law on April 21 by President Abdel Fatah al-Sisi.

The president's ratification was published in the official gazette, “Al-Waqa'i' al-Misriyya”, on Sunday. As per the Egyptian code, any law or presidential decree comes into force on the day following its publication in the official gazette.

On April 14, the law was enacted by the House of Representatives.

The 18-article law aims to regulate the legal procedures for confiscating and disposing of terrorist groups’ assets, including property, bonds and national or foreign cash, as per the rulings of the Cairo Court for Urgent Matters.

The law stipulates that all state institutions, including private and public banks, shall cooperate with a judicial ad hoc committee to implement its resolution, and those who will not provide the committee with the necessary information will be punished with a year in prison and a fine not less than LE 10,000 ($565) and not more than LE 50,000.

Court upholds enlisting 26 as terrorists over 2015 Giza bombing

CAIRO - 26 April 2018: Court of Cassation ruled on Thursday to uphold a decision to add 26 defendants on terror list over accusations of being involved in a bombing that killed six security officers near the Pyramids of Giza in 2015.

Additional reporting by Marina Gamil



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