12 Arab Companies based in Algeria involved in malpractice and tax evasion

The Algerian customs' services have launched legal proceedings against 12 Arab companies accused of fraud, malpractice and tax evasion worth millions of dollars.

• The 12 companies at issue have been operating in the Algerian market over the past few years in the non-ferrous export field and are accused of tampering with their invoices by notably making false declarations to the customs’ services.
•  
• These 12 companies which are now under scrutiny of the Algerian justice have evaded a total of 5.5 million dollars over the past 18 months.
•  
• This substantial financial package has been transferred illegally to banks based overseas, according to the preliminary findings of the investigations.
•  
• These 12 Arab companies are from Syria, Lebanon and Jordan. The customs’ services have decided in line with the examining magistrate’s injunctions to confiscate these companies’ property, to freeze their assets and to impose on them a total of 171 billion centimes in punitive fines.
•