Customs launch investigation into smuggling of 450 billion centimes abroad

A total of 1,250 corruption cases were reported in 2015. Of them, 500 cases were related to hard currency smuggling and money laundering. Economic enterprises, Algerian and foreign importers smuggled 450 billion centimes, figures show.

According to the customs Surveillance Central Department, the number of corruption cases went up this year compared to 2014. Three big importing companies were involved in false declaration to transfer money to Swiss banks. A company is prosecuted for illegally raising imports value as it conducted an illegal transfer of capitals at more than 15 million euros to a Swiss bank.

A second company illegally transferred more than 10 million euros.

The same source said 2,500 cases were introduced into justice as national and foreign importing companies had to pay 200 billion centime fines.