by Yoni Ben Menachem, December 30, 2020
Yoni Ben Menachem writes, “On Aug. 28, 2020, after seven years of an intense manhunt, the Egyptian security services arrested Mahmoud Ezzat, the acting general guide of the Muslim Brotherhood in Egypt and head of its military wing, responsible for a series of attacks on senior Egyptian law enforcement officials.” His arrest also revealed information about the extensive network of Brotherhood investments, using money raised in other Arab countries as well as the financial aid coming from Iran. Ezzat himself controlled some 19 billion dollars in assets. Brotherhood investments were mainly managed by businessmen from various Egyptian companies who are loyal to the Brotherhood. As one example, the Brotherhood invested Hamas money in companies in Egypt and abroad, keeping 30% of the profits. The Egyptian government is curtailing these investment operations, but “there are still Arab and Muslim countries that allow the Brotherhood and Hamas to manage financial and monetary activities in their lands, such as Turkey, Pakistan, Indonesia, and Malaysia.”
AUTHOR: Yoni Ben Menachem, a veteran Arab affairs and diplomatic commentator for Israel Radio and Television, is a senior Middle East analyst for the Jerusalem Center for Public Affairs (JCPA). He served as Director General and Chief Editor of the Israel Broadcasting Authority.
This article was published December 30, 2020 by JCPA and is archived at https://jcpa.org/egypt-reveals-the-financial-terrorist-ties-between-the-muslim-brotherhood-and-hamas/.
It is archived at Think-Israel at https://www.think-israel.org/benmenachem.muslimbrotherhoodfinances.html