70 suspicious persons under investigation in smuggling 300 billion ZDZ

A joint report between the services of Customs and security services, that was raised to the presidency, about the phenomenon of money smuggling outward, revealed that 5 million Euros are adjusted as an annual rate, while the amounts that were smuggled exceed the figure that was mentioned.

Within the International Convention on combating illicit or anonymous enrichment, which falls within the activity of money laundering, enables Algerian investigators to access to balances of about 70 persons, who are suspected of smuggling funds, especially after the outbreak of the Arab Spring, and before that period, and it comes to deputies in the former parliament and before last year, former ministers and influential personalities, with close ties to some major companies that are active in Algeria in the field of investment.

Information that reached security services revealed that businessmen and personalities who traveled a lot abroad, are active in suspicious operations, and are placed under the microscope of security

surveillance, as it is clear that those who put funds in their accounts and the accounts of their relatives in foreign currency of European banks, as investigations and viewing allowed the detection

balances by knowing the path funds and banks in which funds were put, which are banks in Britain, France and USA, and to a lesser extent, in Switzerland, because the latter is conducting large investigations in the bank accounts.

Echorouk sources confirmed that the investigations showed that the value of money that has been pumped into the accounts of these people reached 300 billion dinars, as security services are investigating whether these funds are kickbacks or bribes or public funds that were converted with suspicious ways, being linked to important officials, including a former official in the Ministry of Post, who has important relationships with the General Manager of the Egyptian company Djezzy,

which invests in the field of mobile phone.

Investigations showed that some of the funds’ sources are properties of MPs, one of them is from the southwest, who have soled them, as others have sold their money in hard currency on the black market, after withdrawng them from their bank accounts and transferring them to Europe to the dollar and the euro, and pumping them in funds for relatives there.