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File Of Foreign Airlines’ Involvement In Smuggling Billions Of Money Conveyed To justice

Echoroukonline
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File Of Foreign Airlines’ Involvement In Smuggling Billions Of Money Conveyed To justice

The Ministry of Finance transferred a file of suspicious money transfers and transactions involving a number of foreign airlines operating in Algeria on Wednesday, after two years of investigations so as to take the necessary measures.

The case, which was transferred by the Ministry of Finance, on November 13th, was investigated by the Central Bank of Algeria based on a report prepared by customs investigators at the international airport Houari Boumediene of Algiers and submitted to the Minister of Finance, which in turn ordered the Central Bank to investigate, as the file contained serious facts about the abuses of a number of foreign airlines which managed to smuggle money abroad.

The Central Bank’s investigations revealed that these European companies were circumventing the smuggling of money and transferring it abroad by selling tickets to Algerians in dinars instead of hard currency that benefits the state treasury, in addition to using the ticket number in the name of one person for two or three times, although that the person has traveled to the destination only once, along with false statements in the total amount of tickets purchased by passengers, especially since the Algerian traveler buys a ticket in dinars, and foreign airlines transfer to their banks in hard currency.

Investigations also revealed that the transfer and smuggling of funds by the airlines involved began in 2001, the year in which the Central Bank of Algeria issued Instruction No. 05-2001 of 4 September of the same year confirming that “the issuance of airline tickets for flights from abroad to Algeria paid in Algerian dinars can only be made for the benefit of the administrations, state institutions and local communities upon request and for the benefit of legal persons subject to Algerian law, registered legally in the trade register on the specified flights from abroad to Algeria in an exceptional way for their agents and technicians.

“Non-resident foreigners were invited to intervene in Algeria in the context of the implementation of pre-settled deals or contracts in accordance with the applicable regulation”.

On this basis, the Central Bank sent judicial records to inform the airlines concerned about the content of these abuses, and that investigations have been opened in the case, while Air Algerie sent an urgent correspondence to all its agencies warning of abuses during the process of transferring money and selling tickets while preventing the use of airline tickets.

Owned in dinars on trips from abroad, except for tickets issued to persons licensed by the applicable regulation in accordance with the instructions of Bank of Algeria No. 05-2001, against the background of investigations initiated by the relevant authorities, especially as the most affected by these blameworthy operations are Air Algerie and the public treasury.

The report received by the Ministry of Justice was accompanied by a second report drafted by the customs authorities in 2013, which was carried out in three stages, and this from 2011 to 2014, which included a number of abuses of six well-known foreign airlines “Arab and European” such as smuggling funds for several years.

Consequently, the public treasury was deprived of substantial tax revenues, as the same report cited the names of the companies involved with the amount of money smuggled by each company.

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