"Money tycoons" in Algeria .. From the palace to the families!

Abdel Hakim Hatzaga - Algeria

The people have until recently been remembered only by whispers. Politicians and officials are sparing no effort to be associated with them, because they are strongly linked to the highest decision-making centers, until they became the people of the solution and the contract, And they will be commanded, and they shall not respond to them.

The balance of the scales has been changed by the regime's shake-up, and the financial assets have become subdued. The Public Prosecutor's Office of the Algiers Courts has been ordered to refrain from traveling against ten businessmen, on the basis of reports from the judicial police of the National Gendarmerie (Ministry of Defense) corruption.

Ali Haddad (the third-richest man with an estimated $ 1.8 billion fortune) was arrested on March 31 on the Tunisian border and is now facing charges of illegally obtaining passports and obtaining undue privileges.

"Big Rich"
The Financial Crimes Pyramid follows the imprisonment of the "big rich" Rapap, whose fortune is estimated at $ 4 billion on April 22, is accused of forgery and money transfers while inflating bills.

On the same day, the brothers Reza, Karim and Noah from the Kuninav family, whose wealth amounts to $ 300 million, are accused of receiving privileges and turning public land, with money laundering and secret funding of parties.

The fourth detainee was Mohieddin Tahkout and his brothers. He is Algeria's second richest man with a fortune of two billion dollars on charges of laundering money and obtaining privileges.

Thus, the famous prison in El-Harrach in Algiers received the title of "the richest prison," which composes their bodies behind bars.

The charges against these detainees, which are very serious according to the indictments, are still under investigation and may, according to Algerian law, amount to life imprisonment for bank loan violations. The Attorney General has for 18 months sought a window against Ali Haddad In the case of passports alone, while the defense body considers the charges against its clients political issues, mainly to seek redress.

The economic expert Fares Mesdur that this category of the rich penetrated the system of government, especially during the illness of the resigning President Abdelaziz Bouteflika and take over his brothers in power, had a significant impact on the wheels of the economy after it received large projects and privileges outside the law.

Massadur said that these people have been fascinated in the practice of economic crime under the patronage of a high-ranking government.

However, the lawyer of the accused Khalid Burayo considers that the recent arrests fall within the political exploitation of the judiciary. He considers that what is happening is a situation of businessmen in temporary custody through campaigns of defamation, whereas justice should have been kept away from political use and limited to the application of the law. Its expression.

Political recruitment
Bauraio said his client, Mohieddine Tahkout, was placed in detention at 4:10 am on Monday. A minute later, all Algerian media reported the news, describing it as a "political recruitment" of the file.

Former Planning Minister Bashir Moustafa described the illegal wealth-holders' trial as a "clean hands campaign" as a goodwill gesture from the country's de facto authority to cleanse the world of business and money, and to show that it is quietly changing.

Mustapha ruled out that these follow-ups have a negative impact on the economic sector or foreign investment, but will allow - in his opinion - fair competition and provide equal opportunities between private companies and public institutions.

But he stressed that the war on corruption is not free of settling accounts with those affiliated with the former financial and business system, which is indicated by the call of a number of ministers and relevant governors to the Supreme Court, stressing the need to respect full justice in accordance with the law to avoid any excesses.