Egypt: Prominent businessman arrested for financing outlawed Muslim Brotherhood

Cairo: Egyptian police have arrested a well-known businessman on suspicion of financing terrorism, security sources said Sunday.

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Sayyed Rajab Al Sewarky, the owner of the famous department store chain Al Tawhid Wal Nour had been arrested from his house in Giza near Cairo on suspicion of bankrolling a “terrorist group”, the sources added.

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The businessman had allegedly pumped money into the outlawed Muslim Brotherhood, Egyptian media reported Sunday.

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“He faces charges of belonging to a terrorist group and involvement in acts aimed at disrupting public peace, committing violence and anti-state plans,” semi-official newspaper Akhbar Al Youm quoted a security source as saying.

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Banned group

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Prosecutors ordered Al Sewarky be remanded for 15 days pending further interrogation on charges of belonging to a banned group and financing terrorism, legal sources said.

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Al Sewarky owns hundreds of stores across Egypt, including over 70 in Cairo.

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In late 2013, Egypt designated the Brotherhood as a terrorist organisation after a spate of violent attacks unleashed in the country following the Islamist group’s removal from power after massive street protests against its divisive rule.

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