Khalifa’s money stolen after he flees Algeria

A complaint lodged by Rafik Abdelmoumene Khalifa’s lawyers showed some wrongdoings which are believed to behind the decline of Khalifa Bank

According to reports and the complaint, after Khalifa had run away abroad, his employees and clients seized the opportunity to steal money.

Khalifa is prosecuted in the Khalifa Bank case handled by a criminal court in Blida.

The same source shows that millions of dinars were illegally transferred after Khalifa Bank’s CEO Abdelmouemene Rafik Khalifa had gone to the UK. Officials were then appointed to manage the group in a temporary way.

Lawyer Marwane Madjhouda told Echorouk the complaint does not include all the wrongdoings.

A cousin of Khalifa’s ex-wife transfers millions to the family’s accounts from “unknown sources”

According to a report released by the National Gendarmerie, Nabila Amirouchene, a cousin of Abdelmouemene Rafik Khalifa’s ex-wife illegally took 11,877,000 DZ from Khalifa Bank. She also deposited 2,660,000 DZ at the bank. Her mother deposited 967,000 DZ and 81,000 Euros at the same bank. The source of this money is unknown.

Amirouchene’s account value was estimated at 5,000 DZ after the money had been used to buy a villa in Cheraga (Algiers).

A former director at the bank’s agency in Cheraga had 143,000 DZ in an account and 68 Euros in another account. He illegally took 23,514,000 DZ from the bank and received 300,000 DZ from the account of Khalifa Bank’s former General Director.

An employee withdraws 49 million DZ from an “empty account”

Telecommunication director at Khalifa Group opened an account at Cheraga’s agency without depositing any sum. Yet, he kept withdrawing money from this account until he reached 49,991,000 DZ. He also used the account to carry out foreign commercial transactions for Khalifa Bank and Khalifa Airways.

A former deputy general director in charge of treasury at Khalifa Bank had 12,897 DZ in his account and had a debt of 30,000 DZ. After examining his banking account, it was proven that he illegally obtained 5, 100,000 DZ in June 2001. He used the money to buy a house in El Achour (Algiers).

Millions in dinars and hard currency transferred during liquidation period

The same report says several banking operations with huge sums in national and hard currency were carried out as the bank was liquidated. Those were illegal operations which squandered the bank’s money.

A former general director at Khalifa Airways had 331,134,000 DZ in an account and 130,738,000 DZ in another one. He also had two other accounts but closed. After examining his account, it was proven that he illegally obtained 3,500,000 DZ and had earned two salaries for five months.

Employees bought houses and restaurants after the bank collapse

Investigations showed that Khalifa’s executives living abroad and some operators became rich after the bank had collapsed.

Manager of Khalifa Airways and Khalifa Cars Rental Company, Mohamed Amine Chaachouae established a private company in 2005 named ‘Le Monde du Voyageur.’

Hocine Soualmi, a former director of the bank agency in Hussein Dey in Algiers, had a cars rental company named ‘Leader Car Location’ created in 2003 in Paris.

Karim Smail, a former deputy CEO at Khalifa Bank, established a restaurant named ‘Sarl Sana’ in 2004 in Paris.

Mohamed Nanouche, a former general director at Khalifa Airways and his wife owned a restaurant in Paris named ‘Dounia’. They created it in 2004.

Tayeb Benouis, Air Algerie’s former CEO owned a house he had bought from Khalifa Bank.

Khalifa’s lawyer submitted detailed reports about his client’s properties he had left in Algeria.