Former ministers and ambassadors in the Algerian justice’s storm center

The large campaign of inquiries launched by the Algerian authorities against people involved in series of financial scandals didn’t exclude some “very important personalities” who were, in a recent pas, untouchables.

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• A businessman in real estates and insurances was forced to put up his real estate properties for auction while “Al Barka” bank didn’t succeed to retrieve loans granted to a former ambassador and top official in the Presidential Palace.
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• A company’s manager and former Higher Education Minister was denied the leave of the country on charges of illegal transfer of 8 billion Algerian Dinars linked to milk production.
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• The former ambassador who owns several investments in the south and real estates in Algiers has faced tremendous difficulties to reimburse the loans granted by Al Baraka bank, forcing this institution to resort to the seizure of his properties, reliable sources have revealed to Echourok.
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• But the son of the businessman who died months ago has revealed to Echourok in a telephone conversation that the problem has been solved a long time ago, denying thus the allegations concerning the seizure of his father’s properties.
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• The former minister who was holding the post until the end of the 1980s took advantage of his position to acquire huge credits to invest in milk production using the name of his nephew. He made compromising revelations to the investigators in which he disclosed the names of top officials involved in the embezzlement under cover of investments.